Nvidia chips bypass US restrictions to reach China, investors advised to explore other stocks

From Nasdaq: 2024-09-05 12:45:00

Motley Fool’s Alicia Alfiere and Mary Long discuss results from retailers, including Abercrombie’s impressive earnings growth and Chewy’s customer loyalty. New York Times reporter Ana Swanson reveals how Nvidia chips are reaching China despite US restrictions. Investors are warned to consider other stocks as Nvidia may not offer the best returns. Abercrombie’s successful turnaround has outperformed Nvidia, with shares up 230% in the past year. The retailer has expanded its target market to include consumers in their 20s and 30s, with a recent addition of a weddings category. Abercrombie’s stock is trading at 14 times earnings, prompting caution among investors due to recent price volatility.



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