[MARKET UPDATE] Nvidia and AMD fall to session troughs, also hitting US equity futures to lows after US drafts a rule requiring licenses for AI chip exports worldwide, and NVDA/AMD shipments to all countries would need US approval

The draft rule mandating US licenses for AI chip exports has triggered a significant downturn in Nvidia and AMD stocks, reflecting concerns over potential operational constraints and market access. This regulatory move is likely to reverberate through the broader tech sector and could impact US equity futures as investors reassess the landscape for semiconductor companies in light of heightened government scrutiny.