Nasdaq set to extend losses as Nvidia slumps, Japan comes to trade talks, China makes demands
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Nasdaq 100 futures are down 1.4% ahead of market open, with Nvidia experiencing significant premarket losses after warning of $5.5 billion in writedowns. Ongoing trade tensions between the US and China, including export restrictions on Nvidia chips and Boeing plane purchases, are contributing to market uncertainty. Japan trade talks are also on the horizon, adding to the complex geopolitical landscape.
April 16, 2025 | 11:30 am
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NEGATIVE IMPACT
Nasdaq 100 futures down 1.4%, suggesting potential broader tech sector decline driven by Nvidia's revenue warning and ongoing US-China trade tensions.
As the exchange hosting many tech stocks, Nasdaq is indirectly impacted by the broader market sentiment and tech sector volatility.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nvidia warned of $5.5 billion in quarterly writedowns, with Bloomberg estimating a potential $14-18 billion revenue miss for the year. Premarket trading shows stock down 6.5% due to US export restrictions on H20 chips to China.
Export restrictions, revenue warning, and geopolitical tensions directly impact Nvidia's short-term stock performance negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100