Although the curbs also affect other chip makers, analysts believe Nvidia will be hit the hardest because China accounts for up to 25% of its revenues from data centre chip sales. Nvidia’s shares, which are considered a star stock, fell by as much as 4.7% in the wake of the announcement.
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UK economy picks up as lockdown restrictions ease
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Suren Thiru, head of economics at the British Chambers of Commerce, said the decline in economic output in the first...
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Emirates will keep flying to Russia unless its owner stops it
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Abu Dhabi has also not severed economic ties with Moscow. It was one of only three countries, along with...
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Three things we’re cutting back on as prices rise
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“I have a wheelchair accessible vehicle, but obviously, fuel is really expensive, so I’m having to make choices on...
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Steaks and coffee protected as shoplifting soars
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Gwent Police – responsible for overseeing Blaenau Gwent, Caerphilly, Monmouthshire, Newport and Torfaen in Wales – reported the sharpest...
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Canary Wharf looks to diversify as banks move out
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A residential estate, Wood Wharf to the east of the main set of skyscrapers on the site, is also...
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Arcadia: Buyers to ‘pick over carcass’ of Topshop owner, says former boss
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Topshop owner Arcadia on brink of collapse
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Rishi Sunak sets out how pothole funding from HS2 savings to be used
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Its spokesman, Darren Rodwell, said: “Longer-term, the government should award council highways departments with five yearly funding allocations to...
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Food price rises slow to lowest in more than a year
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It has meant that supermarkets have had to battle it out for customer visits and traditional spending habits are...
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