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

On Wednesday night, NVIDIA surprised investors with an unexpected warning. That’s up to $400 million in lost sales in the quarter. This is due to new licensing requirements between the US and China. (NVDA) Special government licenses must be obtained before certain cutting-edge semiconductors can be sold to China. The same regulations affect high-tech chip competitor Advanced Micro Devices (AMD). As a result, both stocks are currently down 11.6% and 6.96% respectively.

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