Nvidia Plunges After US Imposes License On H20 Chip Sales To China, Slaps Company With $5.5 Billion Charge
Tuesday, Apr 15, 2025 - 06:07 PM (ZH)Nvidia tumbled in afterhours trading after the company said the US government will begin requiring a license to export the company’s H20 chips to China, an escalation of restrictions that the company has publicly opposed.
The government informed Nvidia on Monday that such a license would be in effect “for the indefinite future,” the company said in an 8K filing. The company now expects to report charges of about $5.5 billion during the fiscal first quarter from “inventory, purchase commitments and related reserves” tied to the H20 line, Nvidia said.
GRA:A side component in the trade war. S&P futures down about 1 1/2% as of 8 pm.
IS TRUMP THINKING ABOUT NUKING THE WORLD STOCK MARKETS?
GRA:I'd say no,but you never know for sure.
(ZH)"The Nuclear Option": Here's What Will Happen When Trump Orders Delisting Of Chinese Stocks
In an extreme scenario, US investors may have to liquidate US$800bn worth of holdings in Chinese stocks and Chinese investors might need to unload their US financial assets, which could amount to US$1.7tn.
GRA:I can't access the entire article because it's behind a paywall. Still,a crash for the ages would result IF this was carried out. Odds,in my opinion? 10% chance. High enough.
UNITED HEALTHCARE STOCKS CRASH 22%--WORST EARNINGS MISS SINCE 2008
GRA:The company,whose CEO was shot dead by Luigi Mangione,had their stock taken out and shot today by "investors".
(Reuters) UnitedHealth Group surprised investors with what its CEO said was an "unusual and unacceptable" quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a more than 20% selloff in shares that reverberated across the sector.
The company’s first earnings miss since 2008 and accompanying bleak forecast sent investors to the exits, as they were hoping the U.S. insurer would maintain its profit outlook on expectations that demand for medical services would be similar to 2024. UnitedHealth has historically provided a conservative forecast, at least two investors said.
"Nobody was expecting this level of a miss or cut to guidance," said Kevin Gade, chief operating officer of Bahl & Gaynor, which owns UnitedHealth’s stock.
UnitedHealth reported adjusted earnings of $7.20 per share, also below expectations of $7.29 per share. Shares were down nearly 23% by midday on heavy trading.
The U.S. health insurance industry has been grappling with increased costs since mid-2023 due to a surge in demand for healthcare services under government-backed Medicare plans for older adults or individuals with disabilities. While other insurers slumped on UnitedHealth’s news, they recovered some losses after rival Elevance Health said it was sticking with its current quarterly outlook, even as UnitedHealth shares continued to sink.
UnitedHealth said patient care costs in its Medicare Advantage business rose more than expected late in the quarter, led by physician and outpatient services.
I am a dissident journalist, whose work has been published in dozens of daily newspapers, magazines, and journals in English, German, and Swedish, under my own name and many pseudonyms. While living in internal exile in New York, where I am whitelisted, I maintain NSU/The Wyatt Earp Journalism Bureau and some eight other blogs (some are distinctive but occasional venues, while others are mirrors), and also write for stout-hearted men such as Peter Brimelow and Jared Taylor. Please hit the “Donate” button on your way out. Thanks, in advance.
Follow my tweets at @NicholasStix.
5 comments:
jerry pdx
Yes
Are we supposed to answer in English or chinese? From the map,I'd say--shi de.
--GRA
Nvidia Plunges After US Imposes License On H20 Chip Sales To China, Slaps Company With $5.5 Billion Charge
Tuesday, Apr 15, 2025 - 06:07 PM
(ZH)Nvidia tumbled in afterhours trading after the company said the US government will begin requiring a license to export the company’s H20 chips to China, an escalation of restrictions that the company has publicly opposed.
The government informed Nvidia on Monday that such a license would be in effect “for the indefinite future,” the company said in an 8K filing. The company now expects to report charges of about $5.5 billion during the fiscal first quarter from “inventory, purchase commitments and related reserves” tied to the H20 line, Nvidia said.
GRA:A side component in the trade war. S&P futures down about 1 1/2% as of 8 pm.
--GRA
IS TRUMP THINKING ABOUT NUKING THE WORLD STOCK MARKETS?
GRA:I'd say no,but you never know for sure.
(ZH)"The Nuclear Option": Here's What Will Happen When Trump Orders Delisting Of Chinese Stocks
In an extreme scenario, US investors may have to liquidate US$800bn worth of holdings in Chinese stocks and Chinese investors might need to unload their US financial assets, which could amount to US$1.7tn.
GRA:I can't access the entire article because it's behind a paywall. Still,a crash for the ages would result IF this was carried out. Odds,in my opinion? 10% chance. High enough.
--GRA
UNITED HEALTHCARE STOCKS CRASH 22%--WORST EARNINGS MISS SINCE 2008
GRA:The company,whose CEO was shot dead by Luigi Mangione,had their stock taken out and shot today by "investors".
(Reuters) UnitedHealth Group surprised investors with what its CEO said was an "unusual and unacceptable" quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a more than 20% selloff in shares that reverberated across the sector.
The company’s first earnings miss since 2008 and accompanying bleak forecast sent investors to the exits, as they were hoping the U.S. insurer would maintain its profit outlook on expectations that demand for medical services would be similar to 2024. UnitedHealth has historically provided a conservative forecast, at least two investors said.
"Nobody was expecting this level of a miss or cut to guidance," said Kevin Gade, chief operating officer of Bahl & Gaynor, which owns UnitedHealth’s stock.
UnitedHealth reported adjusted earnings of $7.20 per share, also below expectations of $7.29 per share. Shares were down nearly 23% by midday on heavy trading.
The U.S. health insurance industry has been grappling with increased costs since mid-2023 due to a surge in demand for healthcare services under government-backed Medicare plans for older adults or individuals with disabilities. While other insurers slumped on UnitedHealth’s news, they recovered some losses after rival Elevance Health said it was sticking with its current quarterly outlook, even as UnitedHealth shares continued to sink.
UnitedHealth said patient care costs in its Medicare Advantage business rose more than expected late in the quarter, led by physician and outpatient services.
--GRA
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