Reported 1 day ago
Nvidia's stock dropped nearly 3% on Thursday, following a prior 7% decline, resulting in a total market cap loss of approximately $270 billion due to new US export controls prohibiting the sale of its H20 chips to China. The company estimates a $5.5 billion hit in revenue for the first quarter alone, and analysts suggest a full-year revenue impact could reach between $10 billion and $16 billion. This unexpected development follows indications that the Trump administration would ease restrictions, creating uncertainty in the semiconductor market.
Source: YAHOO