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Stocks struggle again as Nvidia chip curb warning pops calm
Stocks struggle again as Nvidia chip curb warning pops calm
Economy
by  AFP

Asian stocks swung Wednesday after Nvidia's announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump's sweeping trade war. Nvidia's announcement sent its shares tumbling around six percent in after-market trade, and its Asian suppliers were also hit.

Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia expects $5.5 bn hit as US targets chips sent to China
Economy
by  AFP

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. "First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves," Nvidia said in the filing. gc/des