The markets are drowned after NVIDIA announced $ 5.5 billion to comply with Trump’s new rule
The shares sank on Wednesday after the NVIDIA computer maker Declare He was registering a $ 5.5 billion fees for compliance with a new Trump administration base on technology exports.
The shares of NVIDIA decreased more than 5 % after a short period of opening markets, causing heavy NASDAQ to decrease in technology by up to 1.7 %. S&P 500 decreased by 1 %. The Dow Jones industrial average decreased up to 0.4 % or about 150 points.
Large companies usually record a single -time expenses or a expected discount in profits. NVIDIA’s charge of a new Trump base is related to H20 chips. These chips are specifically designed to comply with the Biden era systems to sell technical products to China. CNBC I mentioned The H20 line achieved an estimated $ 12 billion to $ 15 billion in revenue in 2024.
in presentation Late on Tuesday, Nafidia said that Trump officials are now asking for a new H20S export license to address. [the chips] It can be used, or converted into a super computer in China.
NVIDIA, whose value is now 3 trillion dollars thanks to its wide dependence on its potatoes by companies looking to enhance their artificial smart capabilities, is a bell for the broader market.
But throughout the year, the NVIDIA shares decreased about 23 % with a focus on Trump’s trade war. This decrease helped fuel a wider market that has not only accelerated after the announcement of President Trump Trump, who witnessed a proposal for the customs tariff for each country.
Since the Rose Garden event, the S&P 500 and NASDAQ are still less than 6 % and DOW is still about 5 % less.