BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."

Nvidia says this will come with a $5.5 billion charge to Q1 earnings.

The stock is down over -5% on the news.

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Discussion

This is horrible news for ppl that use nvidia as a store of value.

I guess somebody just wanted to buy NVIDIA cheaper.

A heads-up to “buy the dip” was formally given.