Nvidia Dips After 3% Monday Gain on China Export Caps

Nvidia shares slid after a roughly 3% Monday gain as Bloomberg reported possible new U.S. limits on advanced AI chip exports to China, including caps on Nvidia’s H200 shipments and AMD’s MI325 counts. The moves come despite Morgan Stanley naming Nvidia its Top Pick and Nvidia’s plan to invest $2 billion in Coherent and Lumentum. Analysts remain broadly upbeat with a Strong Buy consensus and an average target of about $271.11, signaling around 49% upside, though China-exposure risk weighs on sentiment.