Nvidia (NVDA) and other semico༒nductor stocks slid Friday amid worries about worsening U.S.-China trade tensions.

Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO), Micron Technology (MU), and Applied Materials (AMAT) also lost ground, with the PHLX Semiconductor Index (SOX) dropping about 3%. 

Some of Nvidia's partners, including server maker Super Micro Computer (SMCI), saw their stocks fall as well. (Read Investopedia's full coverage of 澳洲幸运5官方开奖结果体彩网:today's trading here.)

President Trump on Friday said China has "澳洲幸运5官方开奖结果体彩网:totally violated its agreemen💎t with us," dampe🌳ning hopes the countries would soon♔ come to a longer-term agreement after reaching a temporary truce earlier this month. 

Separately, Bloomberg reported Friday that Trump plans to expand U.S. companies' licensing requirements to make deals with Chinese companies that have ties to sanctioned firms.

The development comes after the Trump administration moved earlier this month to 澳洲幸运5ꦕ官方开奖结果体彩网:rescind the 🦩Biden-era AI diffusion rule that would have further curbed sales of American AI hardware to a broader group of countries, but warned it's looking to replace the rule with new restrictions. Analysts at Citi and Deutsch𓄧e Bank warned at the time that they cou🐼ld turn out to be stricter than Biden's. 

During Nvidia's 澳洲幸运5官方开奖结果体彩网:earnings call on Wednesday, CEO Jensen Huang said it's "terrific" that Trump rescinded the Biden-era rule, but criticized the administration's other moves to limit its sales to China, saying that "shielding Chinese chipmakers from U.S. competition only꧅ strengthens them abroad and weakens America's position."

The AI chipmaker took a $4.5 billion charge in its fiscal first quarter associated with new export curbs on the company's H20 chips to China, and said it expects to take an $8 billion hit in the current quarter due to lost revenue.