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Barchart
Amit Singh

Nvidia Stock Plunged Nearly 7% on New Export Restrictions. Is NVDA a Buy, Sell, or Hold Now?

Nvidia NVDA China

Nvidia (NVDA) shares fell sharply on April 16, closing down 6.9%, after the company disclosed new U.S. export restrictions targeting its H20 chip and other high-performance circuits. In an 8-K filing, Nvidia revealed that the U.S. government has implemented additional licensing requirements for shipments of these products to China and Chinese-headquartered companies.

As a result, Nvidia expects to record up to $5.5 billion in charges for the April quarter. This hefty write-down suggests the company isn’t confident about securing licenses for continued shipments quickly.

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