The company cut its first-quarter earnings projections to the range of $0.90 to $0.95 per share from the earlier forecast of $1.05 to $1.25.
Stock markets fall sharply as Donald Trump imposes sweeping tariffs, sparking fears of economic downturn.
The EV maker's stock closed Wednesday higher after reports suggested CEO Elon Musk — who has been actively engaged with the Trump administration on efficiency initiatives — would return full-time to his businesses soon.
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While Canada and Mexico have been exempted from reciprocal tariffs for now, Chinese imports have been hit with a 34% levy.
Though the FDA was set to give full approval to the vaccine, senior leaders at the agency have now said that the company’s application needs more data and is unlikely to be approved soon, The Wall Street Journal reported.
The H20 is the most advanced AI chip Nvidia can legally export to China under U.S. trade restrictions.
Gorilla Tech, SMCI, Nvidia, GameStop, and Palantir Tech drew some of the most positive responses from poll participants. Interestingly, retail investors were not so optimistic about Tesla.
In a research note to investors, the Japanese investment bank said that Broadcom “should remain an AI winner” through 2025.
However, White House Press Secretary Karoline Leavitt dismissed the report of Musk’s exit from the government.
