00:00 Speaker A
Let’s get one minute on the shot clock here. Locked and loaded. Stock of the day is, in fact, no drama, or maybe some drama. It is Nvidia. Uh, we’re seeing shares under pressure here. Nvidia saying it’s taking a $5.5 billion charge, uh, as the Trump administration barred it, or put restrictions on it, from selling its powerful AI H20 or H20 AI chip in China. So the stock under pressure there as well. Interesting that many on the street that I have talked to have expected this news coming. Still, shares are down. I think this, uh, this news provides two warnings for investors. First, uh, that China and US remain very far apart in terms of reaching a trade deal. That is something that was I was reminded of sitting right across Treasury Secretary Scott Besen, uh, in an interview on Tuesday. You can go to Yahoo Finance and check that out. They haven’t even begun talks yet to get a deal done. And that comes with, uh, of course, risks risks to companies that sell stuff in China, such as Nvidia. And last, but not least, I mentioned even though this news was expected by the street, still, uh, to see the stock decline, I think in this environment, the reminder is that maybe nothing, uh, not all bad news is priced into a stock, especially a market leader like Nvidia. So buyer beware in many respects.
