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-0.00079186335716498 -0.00265698789791869 0.0019737342281455 -0.00232128522779897 0.00908273194832942 0.0316932941416922 0.0316932941416922 0.0316932941416922
Stock impact report

Trump's chip restrictions could slash Nvidia's revenue by 10%, Wedbush analysts say [Fortune]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Fortune
But there might be more pain ahead for the chipmaker. Wedbush analysts estimate China represents slightly over 10% of Nvidia revenues, and suspect its revenue could fall by that same amount in future quarters. The escalating trade war between the two largest economies in the world poses a predicament for Nvidia. The trillion-dollar chipmaker said it could no longer export a key chip to China because of fresh restrictions from the Trump administration. In a securities filing Tuesday, Nvidia said it would take a $5.5 billion charge owing to the export ban. But that may not be the only hit it takes. Wedbush analysts suspect China represents just over 10% of Nvidia's revenue. The analysts said they believed China was poised to deliver even more revenue for Nvidia because of increased demand. Either way, the analysts wrote, “we believe it now needs to be assumed that NVDA revenues in future quarters are likely reduced by ~10%,” in a note dated April 16. Nvidia declined to comment Show less Read more
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