Nvidia Just Lost a $5.5 Billion Opportunity. This Fast-Growing Tech Stock Could Scoop It Up

Nvidia (NASDAQ: NVDA) just became the latest company to get hit by the trade war.On Wednesday, the stock tumbled after it announced that it would take a charge of up to $5.5 billion in the first quarter due to a new restriction on exports of its H20 chips to China. Those chips are less powerful versions of its popular artificial intelligence (AI) accelerators, and the policy is in keeping with increasingly tight restrictions on sending cutting-edge technology to China.The U.S. has pressured a number of other companies to restrict high-tech exports to China, including EUV lithography machine maker ASML. AMD also took a smaller $800 million write-down on the export policy impacting the H20 chip. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool