Nvidia (NVDA) shares fell from yesterday's 澳洲幸运5官方开奖结果体彩网:all-time closing high, and shares of other chipmakers declined, following indications the Biden administration is considering limiting the export of artificial intelligence chip🧸s to some countries in the Middle East.

Bloomberg reported that White House officials have discussed putting a cap on export licenses to certain nations because of national security concerns. The focus was on Persian Gulf countries that have a growing interest in AI and the funding to purchase those technologies, the report said, adding that the discussions are in the early stages.

Also weighing on semiconductor stocks was a warning from chipmaker equipment ASML Holding (ASML), which releaseಌd it🐬s third quarter earnings a day earlier than expected.

"While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover," said CEO Christophe Fouquet. "It now appears the recovery is more gradual than previously expected.” 

ASML predicted 2025 sales of EUR30 billion to EUR35 billion ($32.7 billion to $38.1 billion), which is in the lower half of the range of its previous guidance.

New York-traded shares of ASML sank some 16%, pulling them into the red for the year. The 澳洲幸运5官方开奖结果体彩网:PHLX index of semiconductor stocks fell more than 4%. Nvidia's shares were down nearly 5%, though they remain up more than 160% in 2024.