Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares dropped 10% in afternoon trading on Wednesday after the company disclosed a $5.5 billion charge tied to tightened US restrictions on AI chip exports to China, raising investor fears about escalating trade tensions and long-term strategic risks.
The semiconductor giant said late Monday it would take the charge in its fiscal first quarter after the US government required licenses to ship its powerful H20 and equivalent AI chips to China and other arms-embargoed nations.
Abbott Laboratories (NYSE:ABT) reported a profit beat for the first quarter driven by growth in its medical devices and diabetes care segments, as revenue fell short of estimates.
The healthcare company beat earnings estimates by $0.02 with earnings per share (EPS) of $1.09 as revenue of $10.36 billion missed expectations of $10.41 billion.
GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) announced that it has taken another major step toward developing its Muntanga uranium project in Zambia, submitting its draft Environmental and Social Impact Assessment (ESIA) to the Zambian Environmental Management Agency (ZEMA).
ZEMA will now review the draft ESIA and provide feedback that will shape the final version, which GoviEx expects to resubmit for approval later in 2025.
United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) shares jumped before Wednesday’s opening bell as the airline’s first quarter earnings impressed investors.
The company said its Q1 performance was its best in five years, despite the challenging macroeconomic environment.
The US government’s decision to restrict exports of Nvidia Corp's (NASDAQ:NVDA, ETR:NVD) H20 AI chip to China has drawn a swift and sharp market reaction - and analysts say investors should brace for more.
Nvidia shares fell after the announcement, and fellow chipmaker AMD also came under pressure, as the Trump administration doubled down on efforts to limit China’s access to advanced semiconductor technology.
Investors in Thruvision Group PLC (AIM:THRU, OTC:DIGTF) didn’t wait for an RNS.
Shares in the people-screening specialist rocketed 33% in early trading after the company casually dropped news of a major order... on LinkedIn.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares fell 6.3% in after-hours trading on Tuesday, while fellow chipmaker AMD dropped 7.1%, after the U.S Commerce Department unveiled new export restrictions targeting their artificial intelligence chips bound for China.
The revised rules impose licensing requirements on Nvidia’s H20 and AMD’s MI308 processors, along with equivalent models, as part of Washington’s ongoing efforts to tighten control over advanced semiconductor technology.