The Biden administration is planning to impose more restrictions on chip sales to China and Russia, according to a report.

Nvidia stock was looking to find its footing on Wednesday after economic data prompted a Big Tech selloff the previous day. Nvidia stock tumbled 6.2% in the previous session, wiping out about $200 billion worth of market capitalization.

Nvidia (NASDAQ: NVDA) is a leading supplier of networking hardware and chips for gaming, computing, robotics, and especially data centers, which is where most artificial intelligence (AI) development takes place.

The CES event helped show the investing world that there is still much to come from Nvidia and the AI industry as a whole. With all of the incredible growth already seen over the last few years, it wouldn't be surprising to hear speculation about how much further the technology can go.

This was the most anticipated moment of the Nvidia event, but not the only big announcement. The AI computing company integral to the rise of generative AI had many more cards to