So, guess what? The big shots in the chipmaking world, Nvidia and AMD, are taking a nosedive in after-hours trading. Why? Oh, just a little thing called US restrictions on AI chips to China. No big deal, right?
According to Nvidia, they’re going to take a massive $5.5 billion hit because of these pesky export restrictions. Why? Because the US government decided that their AI chips are too powerful for China. Sure, let’s just throw a wrench in the works for no reason. Makes sense, right? 🙄
Here’s what Nvidia had to say in their oh-so-optimistic April 15 filing: “Hey, we’re expecting a big ol’ $5.5 billion charge on our inventory of AI chips, thanks to these lovely new export restrictions.” Wow, sounds fun! Who wouldn’t want a little surprise like that?
The US government decided that, starting on April 9, they’ll require export licenses for their precious H20 chips. Yeah, the ones that are, apparently, too good for China. Can’t have that, right? The government just *had* to step in, saying that these chips might end up in a Chinese supercomputer. Who knew AI chips were so dangerous? 🙄
“Oh, and by the way, this could lead to about $5.5 billion worth of charges in our Q1 results. Yeah, that’s right, the inventory, the purchase commitments, and whatever else we can think of to make it sound even worse.”
It’s all about China, Hong Kong, and Macau, because, apparently, those are the places where supercomputers are just lurking around, waiting to get their hands on some Nvidia tech. Watch out, world.
The H20 chip is basically the Ferrari of AI chips. It’s the best Nvidia can legally sell to China, and you can bet the US government is having none of it. This was all going fine until a DeepSeek AI model in China got involved. Then, the government had to step in. Thank you, government, for protecting us from the menace of supercomputers. 🙄
Now, Nvidia did try to play the “we’re doing something” card by announcing that they’ll be spending hundreds of millions to manufacture AI chips in the US over the next few years. But hey, you know what? That hasn’t stopped their stock from tanking, not one bit. Just like nobody’s safe from tariffs, apparently nobody’s safe from bad news either. Who saw that coming? Oh wait, everyone did. 😏
Nvidia’s Q1 fiscal year 2026 ends on April 27, so let’s just wait and see how much deeper they dig themselves into this hole. It’s going to be *amazing*.
Stocks Fall Off a Cliff for Nvidia and AMD
Shares in Nvidia (NVDA) fell a stunning 6% in after-hours trading on April 15 to a charming $105. What a deal! Google Finance, where dreams go to die.
Oh, and in case you’re wondering, Nvidia is down a lovely 22% this year. Why? Let’s just blame it on the market meltdown, Trump’s trade wars, and whatever else they’re throwing into the mix. It’s a carnival of chaos!
Meanwhile, AMD wasn’t spared. Their stock also took a dive, down more than 7%, sitting at $88.55 in after-hours trading. Since January 1, their shares have dropped a whopping 25%. Oh, the sweet smell of competition! 😅
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2025-04-16 09:06