Nvidia Down 3% After Trump Drags Feet On 15% China China China Chip Deal

During a recent earnings call, Nvidia CFO Colette Kress said that the U.S. Government “has not published a regulation codifying such requirement.” The ‘such requirement’ being the 15% cut of H20 (water) chip sales to China China, meaning that those sales just ain’t happening, buster.

Nvidia then went on to say that “any request for a percentage of the revenue by the USG may subject us to litigation, increase our costs, and harm our competitive position and benefit competitors that are not subject to such arrangements.” Wait, what? I thought they already agreed to it?

It’s a real shame, because otherwise Nvidia’s had a really good run lately. They beat out all of Wall Street’s estimates for the quarter. $46.7 billion revenue. 56% year on year jump. $26.4 billion profit. That’s a 59% jump in quarterly profits. Themes is some sweet sweet number.

But with no sales to China China China China the company is now seeing a 3%, no wait, 4% now, slump. Well, it’s just swings and roundabouts isn’t it.

Look, Trump’s got better things to do than push through this whole 15% kickback thing. He’s got a Nobel Prize to win, Epsteins to distance himself from, logo rebrands to critique and China to China China China China China China. Yes, Nvidia is the backbone of America’s chip industry (not like those losers over at Intel) and yes, this was the government’s idea in the first place but hey, whadayagonnado?

Tech innovation, meet government bureaucracy.

China.

Oh wait, there is one more thing. Trump did float that maaaaaybe he’d be open to Nvidia selling a version of their Blackwell processor to China (China). I guess just completely forgetting the H20 deal. On the earnings call, Nvidia did say this was a real possibility.

So what’s going to happen next? I don’t know. Why you looking at me? I’m not a fortune teller. Jesus. Why don’t you go read some actual news for once.

Or if you really hate yourself, you can keep reading this site here: ChatGPT Grows $100 Portfolio 23%, Outperforming S&P 500