Reported 3 days ago
Nvidia announced a significant $5.5 billion charge after the Trump administration prohibited the sale of its H20 AI chip in China, causing its shares to drop by up to 5%. This development underscores the widening gap between the US and China regarding trade negotiations, with Treasury Secretary Scott Bessent indicating that talks have yet to begin. The market's reaction to expected bad news, reflected in Nvidia's stock performance, suggests that not all negative outcomes may be accounted for in its valuation.
Source: YAHOO