Nvidia & AMD are swallowing the cost to stay in China, and this expert is calling it "unprecedented".
➡️ “It’s essentially a reverse tariff," explained Paul Meeks, Head of technology at Freedom Capital Markets. "Nvidia and AMD paid the price.”
➡️ Meeks also speculated if there could be more deals similar to this down the line, depending on how this one works out.
Read Arjun Kharpal’s article here: https://cnb.cx/3HwoQWW
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Video at Youtube: https://www.youtube.com/watch?v=S3muvhprWF8