Shares in Nvidia Corporation and other chip technology companies are down in premarket trading this morning after Nvidia confirmed that it would take a significant financial hit to cover costs associated with a newly required export license so it can ship some of its latest chips outside of the United States. Here's what you need to know about the new requirement and its effect on tech stocks.
The ongoing U.S.-China trade tensions, particularly around chip tariffs, are causing significant volatility and anxiety for tech investors, impacting stocks like Nvidia, AMD, and Marvell. Despite the tariff issues, AI growth remains strong, and high-quality chip companies could remain highly profitable, with the potential for a trade deal boosting their stocks. Nvidia, AMD, and Marvell have see...
US stocks fall today with Nasdaq 100 down 1.9% after Nvidia's China chip ban warning. AMD, ASML and other tech names follow, stoking bearish sentiment.
Thanks to its size and the contrast between the regular session endorsement and the after-hours hit, Nvidia (NASDAQ: NVDA) has been making headlines on April 16 as President Donald Trump banned the shipping of advanced semiconductors to China.
Semiconductor stocks sank Wednesday after Nvidia (NVDA) and Advanced Micro Devices (AMD) warned they would take a hit after the Trump administration moved to curb the chipmakers' exports to China.
Advanced Micro Devices said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries. Shares of AMD were down more than 5% on Wednesday.
Advanced Micro Devices Inc. followed Nvidia Corp.'s lead on Wednesday, putting a dollar value on the amount of inventory it plans to write down related to new export restrictions on chips to China.
Advanced Micro Devices expects charges of up to $800 million due to the latest curbs by the Trump administration on exports of advanced processors to China, the company said on Wednesday.
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