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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell for the first time this week on Wednesday as chip-sector shares sank after Nvidia said the U.S. government is limiting exports of its key chip to China. Chip-testing equipment maker Advantest, an Nvidia supplier, was the Nikkei's second-worst performer with a 6.6% tumble. Chip-making equipment manufacturer Disco tanked 8%. The tech-heavy Nikkei lost 1% to close at 33,920.40, while the broader Topix dipped 0.6%. Precision equipment makers dropped 2.1% as a sector, putting them among the worst performers from the Tokyo Stock Exchange's 33 industry groupings. The H20 artificial intelligence chip, targeted by the U.S. government, is currently Nvidia's most advanced chip for sale in China and is central to its efforts to stay engaged with China's booming AI industry. Live Events Nvidia has been a key focus of U.S. export controls as officials attempt to keep the most advanced chips from...

[hfe_template id='11223'] [ad_1] The biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live Pulse survey. Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants. But nearly a third said the tech behemoths are their first pick for the role. The response highlights the dominant role that companies like Nvidia Corp., Amazon.com Inc., and Meta Platforms Inc. are playing in the US financial markets as they expand their sway over major swaths of the economy. That has allowed them to generate steady profits, stoking rallies that are making investors confident that they will continue to be a source of solid gains.Inflation in the US has come down significantly from the scorching levels in 2022, but it surpassed economists’ expectations during the first three months of the y...