The crypto market has been waiting for the U.S. Fed to cut interest rates. Traders believe lower rates could bring money back into risk assets like crypto.
But before that decision even arrives, another problem has already hit global markets. China has told its top tech companies to stop buying NVIDIA’s artificial intelligence (AI) chips and to cancel existing deals.
This move has pushed NVIDIA stock lower, and the weakness could spill into the crypto market.
China’s Ban Hits NVIDIA Stock
China is the biggest buyer of NVIDIA’s high-end chips. These chips are used to train strong AI models.
Now Beijing has banned these imports. It wants local companies to use homemade chips instead.
This move is part of the long fight between the U.S. and China over who will lead in AI and new technology.
China Bans NVIDIA Chips | Source: X
The chip in discussion is the RTX Pro 6000D. It is not a gaming card but a server-level GPU, mainly used for big tasks like training AI or powe
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