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Limited impacts on NVDA's financials? Will you bottom NVDA at $400?
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Due to export curbs on the A800 and H800 chips, $NVIDIA Corp(NVDA)$ fell 5% and its market value evaporated overnight by over $53.5 billion. Why does the export curb have limited impacts on Nvidia’s financials? Most of the recent demand has come from US-based entities. Market assumes that $NVIDIA Corp(NVDA)$ will quickly redesign a chip to meet new standards. PIPER SANDLER We see these impacts as insignificant in the near-term despite NVDA historically deriving~20%of revenues from China. Mizuho flagged the potential for a~6%drag on EPS. $NVIDIA Corp(NVDA)$ said in August that it did not expect additional restrictions on data center chips to have an immediate impact on financial results. How did the chip curbs affect Nvidia’s stock performance in 2022? You can click to read [TOPIC] NVDA Fell 10% In A Day; Buy The Dip or Short Semiconductor? At what price will you bottom Nvidia? You can refer to the two key support levels of $400 and $365. Will Nvidia continue to dip or rebound? Does Nvidia enter the buying zone? Have you bottomed Nvidia yesterday? At what price will you buy Nvidia? Leave your comments and repost to win tiger coins~
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