2025-04-17
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NVIDIA stock trading down hard, they're going to take a $5.5 billion charge.
Let's break this down with Mandeep Singh, he runs all the technology research for Bloomberg Intelligence.
Mandeep, talk to us about NVIDIA in particular,
why are they taking this right down specifically and how surprising was it?
Well, it was a surprise in the sense that they're, you know,
stopped or barred from selling their H20 chips with the prior administration approved and now they're required to get another license.
I mean, where you could see, you know, the maximum impact is in terms of what happens with the guide and look,
the consensus numbers didn't really come down even though we had the tariff uncertainty for the last couple of weeks.
The consensus was around 55% growth for NVIDIA this year.
Now, when you look at, you know, this kind of news where they're going to lose,