Nvidia down after report of weak China demand for new AI chip

** Nvidia NVDA.O stock declining 1.4% to $175.24 on Tues after Reuters reported tepid demand for new RTX6000D AI chip in China

** NVDA's newest artificial intelligence chip tailored for the Chinese market has seen only lukewarm demand, with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said

** NVDA faces regulatory uncertainty in China, including anti-monopoly probe and delays in shipments of H20 chip, another AI chip modified to comply with U.S. export restrictions

** With move on the session, NVDA stock up ~30% YTD, outperforming Nasdaq .IXIC rise of 16%

** Stock traded at 31x expected earnings, below 5-yr avg forward PE of 39