NVDA
📉 Nvidia announced expected charges of $5.5 billion due to US government restrictions on exporting advanced AI chips (H20) to China, a crucial market.
🚫 The export limitations directly impact Nvidia’s popular chip sales and triggered a significant premarket drop of nearly 7%.
🌊 A ripple effect is anticipated across the semiconductor sector, potentially affecting companies like AMD, Intel, and Microsoft.
@marcosemmimfp:
“Nvidia announced that it will assume charges for 5.5 billion dollars after the U.S. government limited the exports of artificial intelligence chips, H20, to China, a key market for its most popular chips. And the shares, obviously, fall sharply in premarket… This is dropping practically 6, almost 7% in premarket, okay? It already came with a somewhat bearish structure, and we were close to the average with rebound divergence… The other companies that have microchips and so on, well, AMD will surely drop, Intel surely too, MSFT Microsoft perhaps is lagging a bit, Google, I mean, it won’t escape, technology won’t escape absolutely anything, right?”
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