Nvidia shares plunge amid $5.5bn hit over export rules to China
Marc Einstein from the Counterpoint Research consultancy said the $5.5bn hit estimated by Nvidia was in line with his estimates.
But he said, "while this is certainly a lot of money, this is something Nvidia can bear".
"As we have seen in the last few days and weeks, this may largely be a negotiating tactic. I wouldn't be surprised to see some exemptions or changes made to tariff policy in the near future, given this not only impacts Nvidia but the entire US semiconductor ecosystem," Mr Einstein added. Read More
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