Nvidia Under Fire: The US-China Trade War Hits the AI Giant
Just a couple of weeks ago, Nvidia was the most valuable company in the world, with a market capitalization reaching $3.7 trillion. But now it has found itself at the center of one of the largest geopolitical conflicts of our time.
What happened:
🔴 The US banned Nvidia from supplying its H20 series AI chips to China, citing "national security threats".
🔴 As a result, Nvidia recorded a $5.5 billion loss in the first quarter — expenses related to unsold chips and disrupted supply chains.
🔴 Shares fell by 7%, and the company lost over $160 billion in market capitalization in just one evening.
👨💻Forward this to your friends, there’s even more useful information on our channel 👉 subscribe!