Most people don't realize how massive this announcement truly is. This covers 15% of REVENUE from China, not PROFIT, for both Nvidia and AMD. It also means the Trump Administration is now negotiating company-by-company "trade deals." The trade war just entered a new era.
The Kobeissi Letter
The Kobeissi Letter20 tuntia sitten
BREAKING: Nvidia, $NVDA, and AMD, $AMD, have reportedly agreed to give the US government 15% of their revenues from chip sales in China. This is being described as an "unusual agreement" with Trump in order to obtain export licenses for the chips.
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