NVIDIA (Nvda) Actions dropped almost 3% on Thursday, extending the 7% of 7% of the manufacturer of IA fleas the day before after revealing that the United States government had indeed prohibited the exports of its tokens to China.
Nvidia said in a regulatory deposit Late Tuesday evening, it would take a blow of $ 5.5 billion in the first quarter due to the prohibition of sales of its H20 chips specially designed for the Chinese market in order to comply with the US trade rules that are still an oath.
On Thursday, the drop in shares put Nvidia’s market capitalization to 2.47 billions of dollars, according to Bloomberg data, which means that the company has lost $ 266 billion since the stricter trade rules were disclosed.
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JPMorgan analyst Harlan Sur, said in a note on Wednesday afternoon after estimating that the modification would reduce income from the NVIDIA year data center by 8% and profit per share to 10%. In other words, Nvidia would see $ 15 billion at $ 16 billion in income loss. Jefferies analyst Blayne Curtis predicted a more modest blow of $ 10 billion in income.
The borders of the Trump Administration Commerce took Wall Street by surprise, given A recent NPR report that Trump had supported his plans to restrict the H20 fleas of Nvidia After a dinner with CEO Jensen Huang in Mar-A-Lago.
Nvidia refused to comment on the issue.
Only two days after the company’s disclosure on Tuesday, Huang went to Beijing at the invitation of a national commercial group, Bloomberg reported Thursday.
Earlier this week, Nvidia said he produce up to $ 500 billion in AI infrastructure In the United States, over the next four years, the technology industry seeks to strengthen its inner manufacturing footprint in the face of Trump’s aggressive approach to trade policy.
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Trump started preparations to impose prices on semiconductors this week like The Department of Commerce opened on Tuesday an investigation into computer fleas under article 232 of the 1962 law on the extension of exchangeswhich grants the president the power to impose prices on imports considered as essential to national security. Trump has promised that most electronic devices will always be wrapped in his prices.
“We take a look at semiconductors and the entire supply chain in electronics in the next surveys on national security prices,” he published on Sunday.
Other flea actions dropped more modestly on Thursday after the general decrease of the previous day.
NVIDIA Rival Advanced Micro Devices (Dmla), also struck by the new American restrictions on flea exports to China, fell by around 1%. Broadcom (Avo) fell by 2.1% and Intel (Intruder) dropped by 1.6%.