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Why Nvidia (NVDA) Stock Is Down Today
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 7.4% in the morning session after the company announced it might be unable to sell some high-end chips (including the H20 chips) to China due to export controls and requirements from the Trump administration. Notably, Nvidia received an export restriction notice on April 9, 2025, suggesting the development was unanticipated heading into the quarter and likely not baked into its near-term sales forecast.
Abbott Laboratories (ABT) Shares Skyrocket, What You Need To Know
Shares of healthcare product and device company Abbott Laboratories (NYSE:ABT) jumped 5.4% in the morning session after the company reported decent first-quarter 2025 results with revenue in line, although its organic revenue fell slightly short of Wall Street's estimates. EPS in the quarter beat slightly, while full-year EPS guidance met expectations. The full-year sales outlook was also maintained, which was encouraging despite the uncertain macro backdrop.
AMD (AMD) Stock Trades Down, Here Is Why
Shares of computer processor maker AMD (NASDAQ:AMD) fell 7.6% in the pre-market session after chip tool maker ASML posted weak bookings (a key demand indicator) which fell below Wall Street's expectations, noting that tariffs had made the industry's outlook more uncertain.