Nvidia stock discounts China, but not other risks
NVDA•Nvidia shares fell 8% in early trading on November 12 and 26% since October 29. The decline already discounts nearly all revenue outside the United States, while the loss of direct and gray-market sales to China and other risks remain, the columnist wrote.
1. Shares under pressure
Nvidia shares fell 8% in early morning trading on November 12 and 26% since October 29. The columnist wrote that the drop already discounts nearly all revenue outside the United States, while direct and gray-market sales to China may vanish.
2. Leadership concerns
The article said other risks remain, including Nvidia potentially losing its way without CEO Jensen Huang. Huang resigned as chief executive and a board member on November 12.
