Key Takeaways Nvidia's stock fell nearly 5% Tuesday after hitting a record closing high the previous session.Tuesday's downturn came as Bloomberg reported that the Biden Administration is mulling AI chip export curbs to some Middle Eastern countries,

One analyst says customers are in a “prisoner’s dilemma” that will keep them spending, while another was encouraged by recent Nvidia commentary on the company’s “moat.”

The chips company has a market valuation of $3.31 trillion, $150 billion below the iPhone maker’s $3.46 trillion.