JPMorgan Sees Major Earnings Blow to Nvidia, AMD From U.S. Export Limits

New U.S. export restrictions are likely to shave 8% to 10% off Nvidia (NASDAQ:NVDA) and Advanced Micro Devices’ (NASDAQ:AMD) 2025 earnings per share, according to a Thursday investor note from JPMorgan (NYSE:JPM).

The banks’ analysts said…