Most companies can’t shrug off an $8 billion loss. Then again, most companies aren’t Nvidia (NVDA).
On Wednesday’s first-quarter earnings call, Wall Street zeroed in on Nvidia’s obvious weak spot: China. Thanks to U.S. export restrictions, Nvidia’s custom-built H20 chips, designed to skirt earlier rules, have essentially been made worthless. Nvidia CFO Colette Kress confirmed the damage: “Had the export controls not occurred, we would have had…
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https://qz.com/nvidia-earnings-apple-stock-magnificent-7-ai-tech-news-1851783139
