⁠The Kobeissi Letter
Nvidia, $NVDA, was the world's largest company just months ago, worth nearly $3.7 trillion.

Today, it's at the center of the largest trade war in US history.

The US government imposing a single export license requirement just cost Nvidia $5.5 BILLION in Q1 alone.

President Trump is going all-in.

BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."

Nvidia says this will come with a $5.5 billion charge to Q1 earnings.

The stock is down over -5% on the news. https://t.co/SZwoytMjn5 - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
BREAKING: Nasdaq 100 futures fall -250 points as the US government bans the sale of Nvidia’s H20 chips to China. https://t.co/BLAt33jJZL
tweet

⁠The Kobeissi Letter
BREAKING: President Trump is launching a probe into the need for tariffs on critical minerals, per Bloomberg. https://t.co/GkFK13ssnY
tweet

⁠The Kobeissi Letter
This is unusual:

At 2:20 PM, there was an $8 million spike in puts on the Nasdaq 100 ETF.

4 hours later, the US banned Nvidia, $NVDA, from selling their H20 chips to China.

The Nasdaq is now down nearly -300 points since.

Someone always knows. https://t.co/sRik5guA6n
tweet

⁠The Kobeissi Letter
BREAKING: AMD stock, $AMD, falls -8% on news of the US banning sales of Nvidia’s H20 chip to China. https://t.co/hVBhVdvqr4
tweet

⁠The Kobeissi Letter
BREAKING: Nasdaq 100 futures extend losses to over -300 points on the Nvidia H20 chip restriction news. https://t.co/EcRlTxw5vq
tweet

⁠The Kobeissi Letter
President Trump 12 Hours Ago: "All necessary permits will be expedited and quickly delivered to Nvidia."

President Trump Now: Export restrictions will be imposed on Nvidia's H20 chip.

Nvidia is now taking a $5.5 billion write down in Q1.

Truly no company is safe from tariffs.
tweet

⁠The Kobeissi Letter
BREAKING: Hong Kong announces suspension of postal service for goods heading to the United States effective April 16th.
tweet

⁠Finding Compounders
Warren Buffett, in his 1991 letter, explains how economic franchises arise . https://t.co/dMEq5x3ALE
tweet

⁠Quiver Quantitative
Marjorie Taylor Greene on buying stock right before the tariff pause was announced:

"That's something my portfolio manager does for me, and he did a great job"

"That wasn't a secret...big public information" https://t.co/6gCyvrpcJV
tweet

⁠Investing visuals
🚨 $ASML Earnings 🚨

🔴 Revenue of €7.74B (+46.3% Y/Y) miss of €40M
🟢 EPS of €6.00 beats by €0.20
🟢 Gross Margin: 54% (est. 52.5%)

Guidance Q2 2025, between €7.2B and €7.7B vs consensus of $7.75B. https://t.co/nDVyRS1QBH
tweet