AWS Just Delivered Great News for Nvidia Shareholders

Nvidia (NASDAQ: NVDA) has faced its share of negative news in recent weeks, from a halt on its exports to China to uncertainty about tariffs on imports into the U.S. of its chips. That's why the generally high-flying stock has flown much lower in recent times. Nvidia, after soaring 800% over the past two years, has slipped 26% since the start of the year.The U.S. recently informed Nvidia that it would need a license to continue selling its chips to China -- meaning the company can't fulfill current orders, and the company said it would take a $5.5 billion charge. This is against an already difficult backdrop of potential import tariffs ahead. President Donald Trump exempted electronics from tariffs but indicated this would be temporary.Investors have worried that Trump's plans to tax imports could increase Nvidia's costs, as the company produces most of its top-selling artificial intelligence (AI) chips in Taiwan, and hurt growth. Another concern is tariffs could weigh on Nvidia's customers too, and they may rein in spending on AI. But just this week, a comment from an executive at Amazon's (NASDAQ: AMZN) Amazon Web Services (AWS) offered investors some relief from the uncertainty. In fact, AWS delivered great news for Nvidia shareholders.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool