From Yahoo Finance: 2025-05-19 12:21:00

Nvidia CEO Jensen Huang revealed at the Computex trade show that the Trump administration’s ban on its H20 chips for China has led to a $15 billion sales loss. Wall Street analysts predicted a revenue hit of $10-16 billion. Nvidia has been updating chips for China to comply with US restrictions.

The ban on Nvidia’s chips coincided with a US investigation into the company’s AI chips in China. Huang suggested that Nvidia can’t make another AI chip for China under current restrictions, limiting their capabilities. The China AI market is valued at $50 billion annually.

Amid the ban, Huawei is reportedly preparing to ship chips more powerful than Nvidia’s H100s, with Huang acknowledging Huawei as a formidable competitor. Nvidia is set to report earnings, with analysts expecting a contentious call due to the chip restrictions. Trump’s policies have impacted Nvidia’s stock performance.

Nvidia stock received a boost after Trump eased US chip trade restrictions and signed a deal to supply chips for Saudi Arabia’s AI development. Despite criticism of the export ban, Huang expressed support for the President’s vision. Nvidia stock fluctuated as market turmoil overshadowed the AI chip announcements at Computex. 1. The United States has reported a significant decrease in new COVID-19 cases and hospitalizations. Health officials credit this progress to widespread vaccination efforts and continued adherence to safety measures. The nation’s vaccination rate has reached over 60%, providing hope for a return to normalcy.

2. In an effort to combat climate change, world leaders have gathered at the COP26 summit in Glasgow. Discussions are focused on setting ambitious goals to reduce carbon emissions and limit global warming. This meeting is seen as a crucial opportunity to address the urgent need for environmental action.

3. The US economy has shown strong growth in the third quarter, exceeding expectations. The GDP expanded at an annual rate of 2%, driven by increased consumer spending and business investment. This positive economic performance indicates a promising outlook for recovery and future prosperity.

Read more: China chip ban ‘deeply painful’ as $15 billion in sales have been lost as a result