Nvidia Corp. (NVDA) shares took a hit Wednesday, and the culprit appears to be a surprise restriction from China that's throwing a wrench into the chipmaker's plans.
Why Nvidia Shares Are Sliding on China Chip Restrictions

Get NVIDIA Alerts
Weekly insights + SMS alerts
China Effectively Bans H200 Chips
According to Reuters, Chinese customs authorities informed customs agents this week that Nvidia's H200 chips aren't permitted to enter the country. Officials reportedly warned companies against purchasing the chips unless absolutely necessary. One source described the language from officials as so strict that it amounts to a de-facto ban, at least for now.
Here's where it gets interesting: The Trump administration recently gave formal approval for the H200 to be exported to China under certain conditions. But despite that green light from Washington, Beijing appears to be blocking the chips at the border anyway.
"The wording from the officials is so severe that it is basically a ban," one person familiar with the matter told Reuters.
A Bargaining Chip Before Trump's Beijing Visit
Analysts suspect Beijing might be flexing some muscle to gain leverage over Washington ahead of President Donald Trump's scheduled April visit to Beijing to meet with Xi Jinping. Both sides are trying to maintain a fragile trade truce, and this could be China's way of establishing some negotiating power.
The stakes are significant. If Nvidia were allowed back into the Chinese market, it would represent a major financial win not just for the company, but also for the U.S. government, which collects a 25% fee on chip sales.
What the Charts Are Saying
The technical picture for Nvidia shows some conflicting signals. The stock is currently trading 1.3% below its 20-day simple moving average and 0.8% below its 100-day moving average, pointing to short-term weakness. But zoom out to the 12-month view, and shares are up 38.10%, positioned closer to their 52-week highs than lows.
The RSI sits at 50.33, right in neutral territory, while the MACD is below its signal line, indicating bearish pressure. Translation: momentum is mixed.
- Key Resistance: $196.00
- Key Support: $170.50
Price Action: Nvidia shares were down 2.08% at $181.94 at the time of publication Wednesday.
More News

Microsoft and Stellantis Are Building 100 AI Tools for Your Car. Here's What That Means.
Circle April 20th on your calendar

Schwab's Record Quarter Meets Crypto Rollout, But Stock Takes a Dive

PayPal's Rough Ride: Lawsuits, Scrapped Targets, and a Venmo Bright Spot

A Senator's Magnificent Seven Shopping Spree: Why He's Betting on Microsoft and Nvidia in 2026

Trump's Executive Order 14330: What Wall Street Doesn't Want You to Know

Navitas Semiconductor Stock Surges 13% After Adding Broadcom Veteran to Board

TotalEnergies Stock Jumps on Strong First-Quarter Forecast
Get NVIDIA Alerts
Real-time alerts on price moves, news, and trading opportunities.
Join 20,000+ investors. No spam, ever.
Featured Articles
View all news
Microsoft and Stellantis Are Building 100 AI Tools for Your Car. Here's What That Means.

Trump's Executive Order 14330: What Wall Street Doesn't Want You to Know (Ad)

Schwab's Record Quarter Meets Crypto Rollout, But Stock Takes a Dive

PayPal's Rough Ride: Lawsuits, Scrapped Targets, and a Venmo Bright Spot

A Senator's Magnificent Seven Shopping Spree: Why He's Betting on Microsoft and Nvidia in 2026
Mar-a-Lago Bombshell (Ad)

Navitas Semiconductor Stock Surges 13% After Adding Broadcom Veteran to Board





