Nvidia (NVDA) stock fell nearly 8% Monday as reports surfaced of the tech giant’s AI chips reaching China despite export controls. The Wall Street Journal reported late Sunday that Nvidia’s latest Blackwell chips are reaching China through third-party resellers using entities registered in nearby regions in violation of export controls.

Semiconductor stocks fell sharply on Monday amid worries that companies in China are using workarounds to get the latest offerings from Nvidia (NASDAQ:NVDA) and President Trump's announcement that tariffs will go into effect tomorrow on Canada and Mexico.

Nvidia faces continued concerns about potential restrictions on exports of its AI hardware amid reports that advanced chips are reaching China despite U.S. sanctions.

Nvidia Corp. (NVDA) shares fell more than 5% at the market open on Monday following a Wall Street Journal report alleging that Chinese buyers are securing the company’s chips despite U.S. export restrictions.