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2025-04-16 10:13:41

Layer3.news on Nostr: finance.yahoo.com US STOCK FUTURES DROP, NVIDIA TUMBLES ON NEW CURBS ON CHIP EXPORTS ...


US STOCK FUTURES DROP, NVIDIA TUMBLES ON NEW CURBS ON CHIP EXPORTS TO CHINA

https://media.zenfs.com/en/reuters-finance.com/1017a49e41daaa43f1f41c2a18d610ad
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✍️ Wall Street index futures dropped and chip stocks slumped after Nvidia flagged steep charges from new US curbs on chip exports to China, fuelling worries about the fallout of an escalating trade war.
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👉 Nvidia's H20 and AMD's MI308 artificial intelligence chips are subject to new export licensing requirements in China
👉 Nvidia faces $5.5 billion in charges after the curbs on exports to China
👉 Chip stocks, including Micron Technology and Broadcom, lost ground
👉 US President Donald Trump ordered a probe into potential new tariffs on all US critical minerals imports
👉 Investors will closely monitor a speech by Federal Reserve Chair Jerome Powell for indications on how the central bank could respond

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#DonaldTrump #JeromePowell #LisaMattackal #China #US #business
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https://media.zenfs.com/en/reuters-finance.com/1017a49e41daaa43f1f41c2a18d610ad

https://finance.yahoo.com/news/us-stock-futures-drop-nvidia-093523911.html

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