There’s Something Rotten In Denmark -Nvidia Plunges After US Imposes License On H20 Chip Sales To China, Slaps Company With $5.5 Billion Charge
The govt. notified them on April 9th and neither Nvidia, nor the govt. thought this wasn’t important enough to tell the public and the investment community? Ofcourse not, because that was the same day that to halt a crashing stock market and squeeze the shorts, they conveniently announced a 90 suspension of the tariffs. You can’t make this stuff up. Had they announced this on the 9th it would have limited or even negated the tariff news and they wouldn’t have gotten the short squeeze. Total criminal BS! https://www.zerohedge.com/markets/nvidia-plunges-after-us-imposes-license-h20-chip-sales-china-slaps-company-55-billion
I’ll say one thing. Anyone holding this stock after it has given about every sell signal there is to give reserves to get crushed. Gotta learn those lessons the hard way.