Stocks fell on Wednesday, as a tightening in Middle East tensions was reflected in a jump in oil prices and investors digestedRising fuel prices give investors another inflation factor to consider as they weigh the Federal Reserve's next move in interest rates.
"We believe the scope of the new performance density thresholds will make it difficult for NVIDIA to sell to China," Citi analyst Atif Malik wrote in a research note on Monday. Investors signaled their disappointment, sending the firm's stock down roughly 6% in Wednesday morning trading.
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