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- by finance.yahoo.com
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Nvidia Just Lost a $5.5 Billion Opportunity. This Fast-Growing Tech Stock Could Scoop It Up
Nvidia (NASDAQ: NVDA) just became the latest company to get hit by the trade war. On Wednesday, the stock tumbled after it announced that it would take a charge of up to $5.5 billion in the first quarter due to a new restriction on exports of its H20 chips to China. The U.S. has pressured a number of other companies to restrict high-tech exports to China, including EUV lithography machine maker ASML.