Bears Feast on NVDA: 12,000 Puts Bought Directly Before BIG News

Wednesday night, NVIDIA surprised investors with an unexpected warning — up to $400M in sales would be lost this quarter. This was due to the new licensing requirements between the US and China, which will require (NVDA) to get a special government license before it can sell certain cutting-edge semiconductors to China. The same regulations will affect its competitor in high-tech chips, Advanced Micro Devices (AMD). As a result, both stocks are currently down 11.6% and 6.96% respectively.

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