Nvidia (NVDA) shares tumbled almost 9% last week after U.S. government officials announced 澳洲幸运5官方开奖结果体彩网:more stringent curbs on exports of advanced AI chips to China, dragging down many technology-centric 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs) that are heavily exposed to the chipmaker.

The VanEck Semiconductor ETF (SMH), a $9.4 billion fund with almost 20% of its capital invested in Nvidia, fell more than 4% last week. The iShares Semiconductor ETF (SOXX), an $8.7 billion fund with a 7.8% weight in Nvidia, lost a similar amount.

The Invesco QQQ Trust (QQQ), a broad-based tech-centered ETF tracking the return of the 澳洲幸运5官方开奖结果体彩网:Nasdaq 100 Index, fell almost 3% last week. Nvidia is the fund's fourth-biggest holding, comprising just over 4% of its portfolio. The Vanguard Information Technology ETF (VGT), which holds a similar share of funds in Nvidia, fell over 3%.

While shares of Nvidia have fared poorly in recent days, their price has nearly tripled so far in 2023, making it the S&P 500's best-performing stock this year.

Public Opinion Favors Export Restrictions, Antitrust 🃏Action

Nvidia's A800 and H800 chips, which it designed specifically to sell to China under 澳洲幸运5官方开奖结果体彩网:AI chip restrictions🍸 announced last year, are s൩ubject to 💞the new rules laid out last week.

An AI Policy Institute (AIPI) survey of the U.S. public found 71% of respondents disapprove of Nvi🐭dia ♕selling high-performance computer chips to China, versus just 18% who approve.

Another 63% of respondents said they would back antitrust legislation or related action against Nvidia, to pr🍸event the company from attaining a disproportionate share of the semiconductor market.