China Is 'Very Sneaky,' Will Source Nvidia Chips From 3rd Parties, Says Expert Amid Blackwell Chipmaker's 22% YTD Decline - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
1. New chip export restrictions hit AI tech, affecting major players like Nvidia. 2. Amazon missed analyst expectations, contributing to declines within the Magnificent 7 stocks. 3. China may bypass U.S. restrictions to access Nvidia chips, impacting competitive landscape. 4. Nvidia's performance down 22.65% in 2025 amid rising competition from Chinese AI startups. 5. Weaker guidance among tech giants adds pressure on stock performance including Amazon.