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- Nvidia announced a $5.5 billion charge for H20 chip exports to China, causing shares to drop 6% in after-hours trading.
- Despite the setback, Nvidia’s revenue growth remains robust, projected to grow over 56%, making it the leader in the AI chip space.
- The valuation remains fair, with Nvidia trading at less than 25 times fiscal 2026 expected earnings, and analysts maintain a very bullish outlook.
One of the best growth stories in recent years has been Nvidia (NASDAQ:NVDA). The chipmaker has seen its revenues explode as companies look to take advantage of the Artificial Intelligence (“AI”) boom. On Tuesday, however, the company detailed. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from a broker or financial adviser before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.
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