The U.S. tech sector just walked into a geopolitical buzzsaw, and NVIDIA Corp (NASDAQ:NVDA) may be the first big casualty. As trade tensions ratchet up and tariff policy gets more unpredictable, AI leaders such as Nvidia are getting boxed out of China just as competitors like Huawei prepare to strike.
Wedbush Securities analyst Dan Ives isn’t mincing words: “The U.S. tech industry in particular is front and center in this Category 5 storm.”
The spark? A chaotic rollout of new trade barriers, including a ban on Nvidia’s H20 chip in China — a move that Ives says is “cutting U.S. tech at the knees and helping steamroll China tech ahead.”
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