Nvidia takes a $5.5 billion hit from a new Trump ban that could also hasten China’s push to make its own chips

Quick Summary:

Nvidia's shares plunged almost 7% in after-market trading, amid a broader slump in global markets as Trump's new ban intensifies a U.S.-China tech war.

The chipmaker’s shares dropped almost 7% in post-market trading after the company revealed it could no longer export its H20 chips to Chinese customers.

Nvidia, the company most closely connected to the AI boom, once again finds itself in the middle of the U.S.’s tech rivalry with China.

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Article Details

Author / Journalist: Lionel Lim

Category: EconomyBusiness

Markets: United StatesChina

Topics: A.I. Featured Tariffs and trade Editor's Picks Nvidia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 08:28:45 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 135 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27945207

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