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Nvidia is set to report its first-quarter results after Thursday’s closing bell.
Analysts and investors will be on the lookout for any updates on how business is being impacted by the trade war.
Semiconductors are particularly sensitive to Chinese demand.
Watch Nvidia trade live.

Nvidia is set to report its first-quarter results after Thursday’s closing bell.

The chipmaker is expected to earn an adjusted $0.81 a share on revenue of $2.19 billion, according to analysts surveyed by Bloomberg. On a GAAP basis, it’s expected to make $0.56 a share.

Nvidia, and other chipmakers have been under pressure for much of the past month as trade tensions between the US and China have reignited. Last week, President Donald Trump raised tariffs on $200 billion worth of Chinese goods to 25% and said another $325 billion of Chinese goods could soon see their tariffs go up. China responded by hiking tariffs on $60 billion of US goods.

The renewed trade tensions have put semiconductor shares under the microscope as they are particularly sensitive to Chinese demand.

“A major concern here, the products would be deemed mission-critical and the US would prevent shipments to China, or tax them heavily (a large buyer …read more


Source:: Businessinsider – Finance

      

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