Nvidia (NVDA) and other semiconductor stocks slid Friday amid worri﷽es about worsening U.S.-Chiꦉna trade tensions.

Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO), Micron Technology (MU), and Applied Materials (AMAT) also lost ground, with the PHLX Semiconductor Index (SOX) dropping about 3%. 

Some of Nvidia's partners, including server maker Super Micro Computer (SMCI), saw their stocks fall as well. (Read Investopedia's full coverage of 澳洲幸运5开奖号码历史查询:today's trading here.)

President Trump on Friday said China has "澳洲幸运5开奖号码历史查询:to♋tally violated its agreement with us," dampening hopes the countries would soon come✨ to a longer-term agreement after reachin▨g a temporary truce earlier this month. 

Separately, Bloomberg reported Friday that Trump plans to expand U.S. companies' licensing requirements to make deals with Chinese companies that have ties to sanctioned firms.

The development comes after the Trump administration moved earlier this month to 澳洲幸运5开奖号码历史查询:rescind the Biden-era AI diffusion🦩 rule that wo🗹uld have further curbed sales of American AI hardware to a broader group of countries, but warned it's looking to replace the rule with new restrictions. Analysts at Citi and Deutsche Bank warned at the time that they could turn out to be stricter thaไn Biden's. 

During Nvidia's 澳洲幸运5开奖号码历史查询:earnings call on Wednesday, CEO Jensen Huang said it's "terrific"⛄ ✱that Trump rescinded the Biden-era rule, but criticized the administration's other moves to limit its sales to China, saying that "shielding Chinese chipmakers from U.S. competition only strengthens them abroad and weakens America's position."

The AI chipmaker took a $4.5 billion charge in its fiscal first quarter associated with new export curbs on the company's H20 chips to China, and said it expects to take an $8 billion hit in the current quarter due to lost revenue.