On Monday, reports surfaced that Nvidia chips were making their way to customers in China, with the high-end tech circumventing strict US export controls.

Nvidia (NVDA) shares are taking another hit today as last week’s losses spill over. This is due to concerns about artificial intelligence

A report from "The Wall Street Journal" revealed that despite restrictions, the latest Nvidia chips are entering China. Amidst rising trade tensions, this may lead the Trump administration to impose additional controls or tariffs.

Nvidia faces continued concerns about potential restrictions on exports of its AI hardware amid reports that advanced chips are reaching China despite U.S. sanctions.

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 7.9% in the afternoon session after market volatility continued, with the stock seemingly affected by the broader downturn as the Nasdaq declined 1.