Nvidia Just Lost a $5.5 Billion Opportunity. This Fast-Growing Tech Stock Could Scoop It Up
Nvidia (NASDAQ: NVDA) just became the latest company to get hit by the trade war.On Wednesday, the stock tumbled after it announced that it would take a charge of up to $5.5 billion in the first quarter due to a new restriction on exports of its H20 chips to China. Those chips are less powerful versions of its popular artificial intelligence (AI) accelerators, and the policy is in keeping with increasingly tight restrictions on sending cutting-edge technology to China.The U.S. has pressured a number of othe ...