Reported 3 days ago
Nvidia announced a $5.5 billion charge for the first quarter of fiscal 2026 as the U.S. imposes export restrictions on its AI chips to China amid a rising trade conflict. This news led to a significant drop in Nvidia's stock during premarket trading, with predictions that revenues from China could diminish to nearly zero. Additionally, China's Ministry of Commerce has applied its own export controls on AMD's AI chip sales.
Source: YAHOO