Veteran fund manager rethinks Nvidia stock after shocking export news
Here’s what could be next for Nvidia stock.
Nvidia shares dropped 7% after the AI chipmaker warned of higher costs tied to President Donald Trump's export controls on China.
In a Tuesday filing, Nvidia disclosed that it would take a $5.5 billion charge to export its H20 graphics processing units to China and other countries. The company also noted that shipping these chips will now require a government license.