Markets are reeling today on the back of a slew of negative developments, including the ratcheting up of US import tariffs on China to an eye-watering 245 percent level, ASML's disappointing bookings disclosure in its latest quarterly earnings, and the $5.5 billion hit that NVIDIA expects to absorb in its ongoing fiscal Q1 2026 from the imposition of an "indefinite" export licensing requirement on the China-specific H20 GPU. Now, AMD has joined the growing chorus of US companies that are warning of financial hits from the spiraling US-China trade war. To wit, after concluding an initial assessment of the new […]
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