Options Market Statistics: Nvidia Stock Falls After U.S. Announces New Restrictions on AI Chip Exports, Options Pop

Reuters reported that the U.S. intends to tighten restrictions on AI chip exports to China and Nvidia's H800 chip, citing a U.S. government official and industry sources. Nvidia stock fell Tuesday. The Commerce Department, which oversees export controls, didn't immediately respond to a request for comment on Monday.

Nvidia has previously said that it wouldn't see any near-term impact on its earnings from expanding export restrictions to cover the H800 and A800, two chips specifically designed for the Chinese market. However, Nvidia executives have said blanket bans on exports to China would affect the long-term growth of the U.S. chip industry.

The film Taylor Swift: The Eras Tour, which chronicles the stadium tour as well as highlights from the seventeen-year career of one of the world's biggest and most lucrative entertainers, likely drew between $95 million and $105 million in weekend revenues in the U.S. and Canada, based on data from Comscore and Boxoffice Pro, with another $30 million-plus from international markets.

The overall tally for the Eras Tour film, which was shot from performances at Los Angeles' SoFi stadium, dwarfs the previous concert film record, attributed to Justin Bieber's 2011 release 'Never Say Never', which drew around $29.5 million in its opening weekend and $99 million from hits entire months-long run.