BUZZ-Nvidia, AMD fall as UBS cuts price targets on tighter export restrictions

Reuters
17 Apr
BUZZ-Nvidia, AMD fall as UBS cuts price targets on tighter export restrictions

** Nvidia NVDA.O and Advanced Micro Devices' AMD.O shares fall

** Brokerage UBS cuts PTs on chipmakers' shares due to tighter U.S. controls on exports of advanced AI chips to China

** NVDA down 3.4% to $100.99, AMD falls 0.7% to $87.75

** Brokerage cuts Nvidia's PT to $180 from $185, AMD's PT cut to $155 from $175

** $5.5 billion in charges flagged by NVDA due to U.S. export restrictions imply a revenue impact of ~$9 billion, with $700 million of this coming in Q1 and remaining ~$8 billion spread across Q2 and Q3 - UBS

** AMD's revenue impact seen as ~$1 billion based on $800 million in charges - UBS

** Brokerage sees softer overall demand environment for AMD in the back half of the year given tariff headwinds

** YTD, Nvidia shares down 24.8%, AMD down 27.4%

(Reporting by Arsheeya Bajwa)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10