📉 $NVDA Gapping Lower on U.S.-China Export News

NVIDIA ($NVDA) is trading sharply lower in premarket after news broke that the U.S. Government has informed the company it will require a license to export certain technologies to China. This move adds fresh pressure to ongoing U.S.-China tech tensions and raises concerns about near-term revenue impact tied to Chinese demand.

Key Takeaways:

The export restriction may affect NVIDIA’s data center and AI-related shipments to China.

This comes as part of broader U.S. efforts to tighten tech exports for national security.

Watch key support near recent breakout zones and monitor volume reaction off the open.

⚠️ Sentiment Shift: News injects headline risk into NVDA's bullish setup. Expect increased volatility and potential for short-term bearish continuation if buyers don't step in around key support.