Shares of technology companies fell as traders took another step back from mega-cap artificial-intelligence firms.
Nvidia, the chip maker most closely associated with the AI boom, fell almost 5%, continuing a volatile period for the company. The Trump administration is planning to further tighten restrictions on Chinese access to sensitive technology. The Trump administration added 80 Chinese companies to a trade blacklist, citing national security concerns. These included Inspur, China's largest server maker and a buyer of Nvidia chips.
Activist investor Starboard Value nominated its chief executive, Jeff Smith, and two others to take seats on the board of Autodesk and find ways to boost the design software maker's share price.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 26, 2025 16:55 ET (20:55 GMT)
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