Nvidia Stock Plunges Amid China Chip Export Curbs
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Nvidia's stock dropped nearly 7% after the US government imposed export restrictions on its H20 chips to China, leading to a $5.5 billion charge. Morgan Stanley analysts lowered revenue projections, estimating an 8-9% hit to data center revenue. This comes amid scrutiny of Nvidia's relationship with Chinese AI firm DeepSeek, suspected of using restricted chips. Despite the setbacks, several analysts maintain bullish outlooks on Nvidia's stock, citing strong AI hardware demand.
Nvidia's stock dropped nearly 7% after the US government imposed export restrictions on its H20 chips to China, leading to a $5.5 billion charge. Morgan Stanley analysts lowered revenue projections, estimating an 8-9% hit to data center revenue. This comes amid scrutiny of Nvidia's relationship with Chinese AI firm DeepSeek, suspected of using restricted chips. Despite the setbacks, several analysts maintain bullish outlooks on Nvidia's stock, citing strong AI hardware demand.
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