
When President Donald Trump announced his tariffs on April 2, tech was one of the sectors hit the hardest. Billions of dollars in market value were lost in days, and Nvidia was among the most affected companies.
This past week, Nvidia submitted a filing to the U.S. Securities and Exchange Commission stating that the U.S. government's requirement to obtain a license to export H20 chips to China would cost the company $5.5 billion.