Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said.

U.S. officials have discussed limiting sales of advanced AI chips from Nvidia and other American companies on a country-specific basis, Bloomberg News reported on Monday, citing people familiar with the matter.

Nvidia stock was falling Tuesday. The chip maker may face more limitations on exports of its advanced artificial intelligence chips. U.S. government officials have discussed capping sales of advanced AI chips from the U.

Shares of Nvidia fell over 4% on Tuesday morning a day after after closing at a record high. The chipmaker’s stock was down less than 1% in pre-market trading, but fell by aroun

Nvidia fell as much as 6%, with Intel, AMD, and other chip names also dropping Tuesday after the US said it would constrict AI chip exports.