0320 GMT - The markets, tech world and the U.S. economy need negotiations in some form to start as soon as possible with China, Wedbush analysts say in a research note. The analysts expect minimal or no guidance from tech companies during this earnings season as they are "playing darts blindfolded." While the latest export restriction on Nvidia's H20 chips have limited financial impact, its strategic blow is the focus of the market. Nvidia CEO Jensen Huang "flew to China to do damage control and make sure China/Xi knows Nvidia wants/needs China to maintain its global ironclad grip on the AI Revolution," the analysts note. The markets and tech world are tired of "deal progress" comments and want deals starting to be inked so they can plan their future strategy, they add. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 20, 2025 23:20 ET (03:20 GMT)
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