Nvidia, Micron, and TSMC stocks decline after new US AI chip export regulations

Nvidia, Micron, and TSMC stocks fell significantly on Monday, with declines of 2.4%, 4.6%, and 3.4%, respectively. This drop follows new U.S. regulations limiting the export of advanced AI chips to certain countries, including China and Russia. The U.S. announced these regulations to maintain its technological edge and restrict AI advancements in adversarial nations. The new rules will take effect in 120 days and expand existing export limitations. Nvidia leads in AI chip design, while Micron produces essential memory components. TSMC is a key manufacturer of advanced chips. The geopolitical tensions between the U.S. and China, particularly regarding Taiwan, pose risks for these companies.