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The company beat analyst estimates for the fourth quarter, but noted that the trade war and slowing demand will likely hit its bottom line in 2020.
South Korea and Japan are having their own trade war, and it’s gotten so bad that some South Korean gas stations are refusing to refuel Japanese...
On July 1, Tokyo placed export restrictions on three key materials that South Korea needs to make semiconductors and display screens.
The semiconductor company has recently signaled to Wall Street that it would focus on buying up software companies
AMD and Nvidia fell sharply in pre-market on Monday after President Donald Trump threatened to increase tariffs on Chinese goods.
Nvidia, the semiconductor manufacturer, was scheduled to report earnings results after the bell on Thursday.
"Asian markets focused on the technology rally, overshadowing the trade uncertainties" ahead of more talks, one observer said.
Intel’s shares plunge 8% as it misses on revenue and earnings and warns trouble in China could mean more pain to come
In addition to falling shy of analysts fourth-quarter estimates, the chip-making giant offered a disappointing outlook for the first quarter.
Recent developments have put pressure on the semiconductors sector. And many of those issues can be tied into problems facing the broader market.
The selling pressure stemmed from disappointing earnings guidance from Taiwan Semiconductor.
"We continue to view NVDA as the best growth story in large cap," Evercore said.