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Stock impact report

Global chip stocks slide as Nvidia warns of big hit from U.S. export curbs [Yahoo! Finance Canada]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
The export curbs to China have in recent years squeezed U.S. companies, but the country remains a crucial revenue source with Nvidia drawing more than 13% of its sales, or some $17 billion, from China in its last fiscal year. Meanwhile, ASML, the world's biggest supplier of computer chip-making equipment, cautioned that tariffs were adding to the uncertainty for its outlook for 2025 and 2026, sending its shares down over 4%. "We are not surprised that there are limits to H20...but the constraint there is supply, so a more sudden reduction in H20 - and given the inventory writedown, a higher revenue expectation going forward for H20 - will likely be disruptive to revenue and earnings," Morgan Stanley analysts said. Shares of Nvidia were down 5%, AMD dropped over 6%, while Micron Technology, Broadcom and Intel fell between 2% to 4% in premarket trading. Stacy Rasgon, a Bernstein analyst, said banning the H20 Chip 'makes no sense' as it would hand over the Chinese AI market to r Show less Read more
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