Reported about 21 hours ago
UBS has revised NVIDIA Corporation's growth forecast, lowering the price target from $185 to $180 due to U.S. export restrictions affecting its chip sales to China. This change follows concerns over the Chinese AI startup DeepSeek's acquisition of U.S. technology, prompting the U.S. government to impose stricter controls. NVIDIA anticipates a $5.5 billion impact from these changes, necessitating licenses for its popular H20 AI chip exports to China.
Source: YAHOO