Stocks headed lower on Thursday as investors continue to fret over hawkish tones from the central banks and another China covid lockdown.
Here are 3 tickers trending on Yahoo Finance in premarket trading:
Nvidia (NVDA): Shares of the chip designer Nvidia Corp are lower in pre-market trading after the U.S. ordered the company to stop exporting two top computing chips for artificial intelligence work to clients in China. The chipmaker said the ban, which affects its A100 and H100 chips designed to speed up machine learning tasks, could interfere with the development of its flagship chip, H100, that it announced this year. Nvidia noted it had booked $400 million in sales of the affected chips this quarter to China that could be scrapped if clients won’t purchase alternative products, adding that the company plans to apply for exemptions to the rule.