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The Street
  • 4/16/2025
Nvidia and AMD took big hits.
Transcript
00:00Some of the world's biggest tech companies are starting to feel the effects of President
00:03Trump's trade policies, and they're expensive. Chip makers in particular are getting hit hard
00:08with shares of NVIDIA and AMD both dropping more than 6% in pre-market trading on April 16th.
00:15AI chip-related stocks, ARM, Broadcom, Marvell Technology, and Micron all saw significant dips
00:21as well. NVIDIA revealed it will incur a $5.5 billion charge this quarter alone for exporting
00:27some of its products to China as well as other countries. China was responsible for 13% of
00:32NVIDIA's sales in 2024, which comes out to roughly $17 billion. The country is NVIDIA's fourth largest
00:38region by sales. Meanwhile, AMD revealed it would be hit with an $800 million bill thanks to the
00:44policies. The sell-off of U.S. stocks had a ripple effect on global markets, with South Korea's
00:50Samsung dropping about 3% and European chip makers ASM International and Infineon Technologies fell
00:55close to 2%. That'll do it for your daily briefing. From New York City, I'm Lauren Torres with The Street.

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