🔽Nvidia under attack: US-China trade war hits AI giant

Just a couple of weeks ago, Nvidia was the most valuable company in the world, with a capitalization of $3.7 trillion, but now it's at the center of one of the biggest geopolitical conflicts of our time.

What happened:

🔴 The US banned Nvidia from shipping its H20 series AI chips to China - citing “national security threats.”
🔴 As a result, Nvidia recorded a $5.5 billion loss in the first quarter - costs related to unsold chips and supply chain disruptions.
🔴 Shares fell 7% and the company lost $160+ billion in capitalization in just one evening.