Chinese artificial intelligence companies are rushing to secure Nvidia computing capacity abroad, according to Reuters, in anticipation of possible U.S. restrictions. The House of Representatives voted 369-22 to close a loophole allowing foreign access to certain advanced cloud technologies, but the bill remains pending in the Senate. Prediction markets reflect this uncertainty through increased confidence that Nvidia’s share price will remain below certain thresholds by the end of November. The Senate’s decision on the Remote Access Security Act and Nvidia’s earnings report scheduled for November 17 are the main factors to watch. Any new export restrictions and developments in U.S.-China relations could also affect Nvidia’s valuation and related sectors.
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