Nvidia Stock Plummets Amid Export Restrictions, Impacting Tech Giants

Nvidia’s stock suffered a significant decline of 6.83% after US export restrictions on its H20 product came into effect, resulting in an estimated $5.5 billion cost. Tesla saw a separate drop of 3.03%, while ASML experienced a further fall of 5.4%, impacted by a 45% decline in new orders during the first quarter that fell short of expectations. European stock markets were also negatively affected, with some indices dropping by over 7%.