NVDA stock price prediction as China discourages use of Nvidia chips

Nvidia (NASDAQ: NVDA) is facing new headwinds stemming from trade fears related to China, a development likely to impact the company’s financial outlook and, consequently, its share price.Specifically, reports indicate that the Chinese government is pressuring companies to use locally manufactured chips rather than rely on the American tech giant. This move is primarily viewed as Beijing’s attempt to boost its semiconductor industry to counter U.S. sanctions.It’s worth noting that the United States has impl ...