Nvidia said in a statement it is "ready to work with the administration as it pursues its own approach to AI."

Trump administration officials are exploring additional curbs on the sale of Nvidia Corp. chips to China, according to people familiar with the matter, who emphasized that conversations are in very early stages as the new team works through policy priorities.

Nvidia shares hit their lows of the day on Wednesday after Bloomberg reported Trump administration officials are "exploring additional curbs" on the company's chip sales to China.