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Why Ambarella Stock Dropped 13.5% This Morning

TheMotleyFool

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Why Ambarella Stock Dropped 13.5% This MorningPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of HD video system-on-a-chip maker Ambarella (NASDAQ: AMBA) are getting rocked this morning, down 13.5% in early trading, and rebounding to about a 10.4% loss as of 12:15 p.m. EDT.

The reason: Donald J. Trump.

In what feels like a continuation of the president's long-running trade war against China in general, and Chinese tech stocks in particular, the U.S. Department of Commerce has announced it is adding 28 Chinese security technology companies to its Entity List of sanctioned companies.

Source Fool.com

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