00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA shares fell 2.8% to $176.66 in pre-market trading on Friday due to escalating tensions
00:08between U.S. chipmakers and China, according to Barron's.
00:11S&P 500 futures slid 1.4% amid renewed fears over regional banks,
00:16dragging pairs including AMD down 3.4% and Broadcom down 2.7%.
00:21Micron is reportedly halting server chip sales to Chinese data centers,
00:25following Beijing's ban on its products and critical infrastructure,
00:28further dampening sentiment.
00:30VIDEA, which has faced similar restrictions,
00:32saw its China revenue shrink to 12% of total sales from 21% last year
00:36and expects no China revenue this quarter,
00:39an estimated $2 billion to $5 billion hit.
00:42For all things money, visit Benzinga.com.
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