Chip maker Nvidia’s shares fell after it said the U.S. had imposed stricter controls on its exports of one of its computer chips designed for use in AI

By ELAINE KURTENBACH, Associated Press Business Writer

BANGKOK (AP) — World shares were mostly lower Wednesday as stocks of Nvidia and other technology companies were walloped by tighter U.S. controls on exports of advanced computer chips used for artificial intelligence.

The future for the S&P 500 was down 0.8% while that for the Dow Jones Industrial Average lost 0.3%.

Chip maker Nvidia’s shares fell 5.9% in premarket trading after it said the U.S. had imposed stricter controls on its exports of one of its computer chips designed for use in artificial intelligence. Rival chip maker AMD’s shares dropped 6.7%.

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