From Yahoo Finance: 2025-04-16 22:33:00

The stock market saw a significant decline, driven by Federal Chairman Jerome Powell’s bearish remarks on the US economy and tariff policies. The Nasdaq fell the most at 3.07%, followed by the S&P 500 at 2.24% and the Dow Jones at 1.73%.

NVIDIA (NVDA) dropped 6.87% to $104.49 per share after news of a $5.5-billion financial hit due to US restrictions on exporting AI chips to China. The stock initially fell over 10% before recovering slightly by the end of the trading day.

US government restrictions on NVIDIA to export H20 graphics processing units to certain countries led to the stock’s decline. NVIDIA faces up to $5.5 billion in charges for inventory and related reserves in its first quarter fiscal year 2026.

NVDA ranks 9th on the list of declining stocks. Redburn calls NVDA a top pick, but AI stocks are seen as more promising for higher returns in a shorter timeframe. For a promising AI stock trading at less than 5 times its earnings, check out the report on the cheapest AI stock.



Read more at Yahoo Finance: Why NVIDIA Corporation (NVDA) Declined on Wednesday