NVIDIA (NVDA) Stock News & Analysis: Export Ban to China Wipes Out $266 Billion in Market Value
TLDR
- Nvidia stock fell nearly 10% over two days after Trump administration banned H20 chip exports to China
- Company expects $5.5 billion revenue hit in Q1, wiping out $266 billion in market cap
- Analysts project full-year revenue losses between $10-16 billion
- UBS cut price target from $185 to $180, lowering gross margin forecast to 58-59%
- Despite setbacks, NVDA maintains “Strong Buy” consensus with average price target of $170.78
Nvidia’s stock took a sharp downturn this week following the Trump administration’s decision to ban exports of its AI chips to China.
The chipmaker’s shares fell nearly 3% on Thursday, extending Wednesday’s 7% decline, as investors reacted to news that could significantly impact the…
