USD is trading 5.2% lower today after reports that China has not approved purchases of Nvidia H200 AI chips, stalling expected sales and pressuring the semiconductor sector.
- The lack of approval for the H200 chips comes despite prior U.S. regulatory clearance, creating a significant headwind for AI-driven growth expectations.
- This setback is weighing heavily on broader semiconductor sentiment, pulling down leveraged tech products and Nasdaq futures as information technology stocks face renewed pressure.