Trump was asked about exports controls re Nvidia chips to China.
He avoided the question, merely saying Nvidia is doing a very good job and that NVDA CEO Huang is a smart fellow.
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In the latest quarterly results Nvidia provided solid guidance while not including any expectations re revenue from exporting chips to China. If Trump manages to get chai export restrictions to China eased and this results in a boost to exports for NVDA it’ll be another rocket ship under the company and a positive for the share price.
This article was written by Eamonn Sheridan at investinglive.com.