The chipmaking sector offered up fresh signs that President Donald Trump’s sweeping tariff plans could hamper demand.
Technology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump’s sweeping tariff plans could hamper demand and growth.
Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the government will require a license to ship the chips there and other destinations.
The chip was designed specifically for China use during President Joe Biden’s administration to meet U.
