KEY TAKEAWAYS Nvidia said it is set to take a $5.5 billion first-quarter charge after the U.S. limited exports of its artificial intelligence (AI) chips to China. The news, the latest salvo in an escalating trade war between Washington and Beijing, sent the firm’s shares tumbling in premarket trading Wednesday. China’s Ministry of Commerce also…
U.S. stocks looked set to drop on Wednesday after chip maker Nvidia said it would now require a license to export its graphics processing units to China, giving investors yet another reason to worry about trade tensions between Beijing and Washington. Futures tracking the Dow Jones Industrial Average slid 97 points, or 0.2%. S&P 500…
(Reuters) -Wall Street index futures dropped on Wednesday and chip darling Nvidia slumped after the company flagged steep charges from new U.S. curbs on chip exports to China, fuelling worries about the fallout of an escalating trade war. The U.S. Commerce Department late Tuesday issued new export licensing requirements for Nvidia’s H20, and AMD’s MI308…
Hong Kong CNN — Nvidia says it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China, in the latest escalation of a growing battle for AI dominance. Its shares plunged in response. The H20 chip, released just last year, was specifically…
Noida techie, who paid Rs 64,000 rent for 3BHK apartment, moves to Goa. Now pays only Rs 19,000 Raj, who grew up and lived most of his life in Delhi NCR, had previously gone viral for sharing a photograph of the ‘dreamy view’ from his Noida apartment. The image, which sarcastically used the term ‘dreamy,’…
Noida techie, who paid Rs 64,000 rent for 3BHK apartment, moves to Goa. Now pays only Rs 19,000 Raj, who grew up and lived most of his life in Delhi NCR, had previously gone viral for sharing a photograph of the ‘dreamy view’ from his Noida apartment. The image, which sarcastically used the term ‘dreamy,’…
On April 9, President Trump posted on Truth Social, “THIS IS A GREAT TIME TO BUY!!! DJT.” Jennie Sohn/AP Illustration hide caption toggle caption Jennie Sohn/AP Illustration On April 9, President Trump posted on Truth Social, “THIS IS A GREAT TIME TO BUY!!! DJT.” Jennie Sohn/AP Illustration On the morning of April 9, President Trump…
Nvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading. The company said in an official filing late on Tuesday that its H20 AI chip, which…
Nvidia did not warn at least some major customers in advance about new U.S. export rules it was told about a week ago requiring it to obtain licenses to sell its China-focused artificial intelligence chip, according to two sources familiar with the matter. Source link
Hong Kong CNN — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect, and sent an upbeat message about how it plans to weather an ongoing trade war with Washington. Growth in China’s gross domestic product (GDP) hit…