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Intel Shares Have Dropped 47% In The Past Year, Now Chipmaker Faces China AI Chip Curbs Just Like Nvidia Amid Trade Tensions
Trader’s Edge (17 Apr 2025) - Wall Street Bleeds on Nvidia Curbs, Powell’s Outlook; Malaysia Equities Struggle amid MYR 12 billion YTD Outflow
Chip giant AMD warns: USA government restrictions on exports to China will add an additional cost of 0.8 billion dollars.
① The US government has recently required that chip manufacturers such as NVIDIA and AMD must obtain licenses issued by the USA to sell advanced chips to the Chinese market; ② NVIDIA stated that this policy will involve a provision for $5.5 billion in inventory and expenses, while AMD reported an increase of $0.8 billion in expenses; ③ The new policy caused a sharp decline in chip stocks, and Analysts pointed out that this will weaken the development momentum of AI and impact the USA chip industry.
Temu and Shein drastically cut their advertising spending, with Meta being the first to feel the impact.
In the first two weeks of April, Temu has averaged a 31% reduction in advertising spending on platforms such as Meta, X, and YouTube, while Shein's daily advertising spending has decreased by 19%. Financial data shows that Meta's revenue from China reached 18.4 billion USD last year, accounting for over 10% of its total revenue of 165 billion USD.
Apple is one of the biggest victims of Trump's tariffs: Market Cap has fallen below 3 trillion dollars again.
On Wednesday Eastern Time, Apple's stock price fell nearly 4%, and the Market Cap dropped to 2.92 trillion USD, sliding back below 3 trillion USD; The change in Trump's tariff policy had a huge impact on Apple's stock price, with Apple's Market Cap evaporating by over 770 billion USD between April 2 and April 8; The upgrade of the USA's export restrictions on NVIDIA chips has intensified market concerns about Apple's prospects in the trade dispute.
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