Nvidia blindsided by latest trade twist

Nvidia shares were hit after it said it would take a $5.5 billion charge over new US export controls on itsH20 chips. Photograph: Jeff Chiu / AP Photo Another week, another victim of Trump-related uncertainty - AI giant Nvidia. Shares in the chipmaker tumbled after it said it would take a $5.5 billion (€4.8 billion) charge due to new US export controls on its less powerful H20 chips, widely used by Chinese tech firms. Nvidia had believed the chips might be exempt from restrictions following a Mar-a-Lago meeting with US president Donald Trump, who was reportedly impressed by the company's…