Nvidia drop again
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Leverage Shares 2x Cpd Acclrtd NVDAMnETF (NVDO)
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$NVIDIA(NVDA.US)
Why Nvidia is continuing to take a further hit today...- The Information reported that a network linked to Alice Huang allegedly facilitated at least $7.5 billion in Nvidia chip shipments to Chinese companies, involving roughly 240,000 AI chips, including models restricted from sale in China. This would basically mean Nvidia has sold to China when they weren't supposed to. - Bloomberg reported that Nvidia's inventory figures provided to U.S. authorities undercounted approximately 50,000 AI chips worth billions of dollars sold to Megaspeed through hardware partners. Nvidia later claimed the hardware was located at additional warehouses but did not provide a detailed accounting. Basically, if those 50K chips aren't accounted for...could they have gone to China?Both those headlines broke over the past 24 hours as Nvidia is now at a $4.02T marketcap, losing over $1T in value over the past month.Source: amit

