Nvidia's shares are under pressure following reports that the Biden administration plans to implement additional restrictions on the export of artificial intelligence chips. This news has sparked concerns about the potential impact on Nvidia's business, as the company is a major player in the semiconductor industry. The proposed restrictions are part of a broader strategy to limit the spread of U.S.-made chips to countries like China and Russia, which the administration fears could use the technology to advance military capabilities. The announcement of these curbs, expected as soon as Friday, has already led to a 1.1% drop in Nvidia's stock during post-market trading on January 8, 2025.
The YieldMax NVDA Option Income Strategy ETF (NVDY) is currently trading at $22.85, reflecting a 0.35% decrease from its previous close.