Trump went back on his word again, and NVIDIA got hit even harder after "kneeling".
On April 16, NVIDIA announced that the U.S. Commerce Department would indefinitely restrict its H20 chip exports to China, requiring approval for future exports. Experts analyzed that it is still unclear whether the U.S. side will approve NVIDIA's application, and perhaps the H20 chip will be无缘the Chinese market. As soon as the news came out, NVIDIA's stock plummeted in after-hours trading, with a market value directly losing 1.3 trillion yuan.
If we review the recent news about NVIDIA, we can see that this company has been "played" by Trump:
On April 10, multiple foreign media reported that Trump had agreed not to regulate NVIDIA's H20 chip exports to China, and NVIDIA CEO Jensen Huang promised to increase investment in the U.S. AI sector. At that time, foreign media generally speculated that NVIDIA might be Trump's bargaining chip with China.
Five days later (April 15), Trump happily announced on his personal social media that NVIDIA would invest in building a factory in the U.S., giving $500 billion to the U.S., and he would speed up issuing permits to NVIDIA. Combined with previous news, everyone thought that NVIDIA had kept its promise, and their exports to China were finally secured.
The next day, April 16, Trump went back on his word again and restricted the export of H20 chips.
No wonder outsiders suspect that Trump "manipulates the stock market", with such ups and downs every day, it's simply not normal commercial logic.
This blow to NVIDIA will also be significant. According to Bloomberg estimates, just this one fluctuation could reduce NVIDIA's revenue by $14 to $18 billion by 2025. Clearly, NVIDIA has once again proven a truth to us: when dealing with the U.S., the faster you kneel, the more惨you die.
Original article: https://www.toutiao.com/article/1829545341953035/
Disclaimer: The article only represents the author's own views.