Stock Movers Nvidia Chip Curb Slide; ASML Follows Nvidia Down; United Airlines Hopeful Outlook
Apr 16, 2025
Nvidia's shares plunge as new U.S. restrictions on chip exports to China send ripples through the semiconductor market. ASML also suffers, struggling with outlook and order concerns amidst tariff pressures. On a brighter note, United Airlines projects strong earnings for the second quarter, sparking optimism. Meanwhile, the rare metals mining sector is buzzing with potential gains thanks to government support for critical mineral stockpiling.
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Nvidia's Chip Export Restrictions
- Nvidia faces a 5.8% pre-market drop due to US export restrictions on its H20 chip to China.
- These restrictions signal a permanent clamp on China’s AI ambitions, impacting Nvidia's sales and prompting a $5.5 billion write-down warning.
ASML's Uncertain Outlook
- ASML shares dropped 5% as orders fell nearly a billion euros short.
- The CEO expressed uncertainty over tariffs' impact, reflecting industry-wide unpredictability.
United Airlines' Dual Earnings Forecast
- United Airlines shares rose 5.7% pre-market on a resilient Q2 earnings forecast.
- The company issued two earnings scenarios due to macroeconomic uncertainty but affirmed its 2025 outlook.