Dilara Irem Sancar | Anadolu | Getty Images
My top 10 things to watch Wednesday, April 16
1. Nvidia last night issued a warning that its throttled-down, made-for-China H20 artificial intelligence chips need an export license from the U.S. government. The requirement led to a $5.5 billion charge. The Club stock sank 6%.
2. The Nasdaq was headed for a sharply lower open today due to the big drop in Nvidia shares. The S&P 500 was also poised to open lower. Other chipmakers and a wide swath of tech stocks were hitting hit.
3. Bank of America cut its price target on the Club’s other chipmaker, Broadcom, to $240 per share from $260 due to worries about tariffs. What do we do with this one and Nvidia? The Club’s Monthly Meeting is livestreamed at noon ET.
