Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, April 16th. I'm Julie Morgan. Invidia, the U.S. and China. Vera Bradley struggles following a rebrand,

and the hog gears up for a board fight.

NVIDIA received a notice from the U.S. government that it needs a special license to ship its H-20 graphic processing units or related hardware to China, and such a license will be required indefinitely.

Due to this development, NVIDIA expects to take a charge of

$5.5 billion in its upcoming quarterly financial results, according to a form 8K filed with the U.S.

Securities and Exchange Commission. Invita is down 6% in early pre-market trading. The company declined

to comment on this issue. Although

Nvidia's more advanced artificial intelligence GPUs have already been banned for export to China,

the H20 chip was designed specifically to comply with export restrictions. Industry observers

and Chinese tech companies expected the H20 to be added to the list of other

banned hardware. Last week, a report surfaced that the Trump administration was pausing the implementation

of an export ban to China for NVIDIA's H20 GPUs. Alibaba, Tenscent, and Bight Dance placed at least

$16 billion in orders for

NVIDIA's H-20 chips in the first three months of 2025, ahead of a potential U.S. ban on the

sale of the AI chip in China. Vera Bradley extended its losing streak with a fourth straight

day in the red and another all-time low,

as the company's efforts to rebrand and transition to e-commerce from brick and mortar

are falling flat with investors. Share slipped below $2 on Tuesday during regular trading. VRA posted

5% gains post-market, although still below the $2 mark. Since reporting Q4 results

last month, the stock has dropped 30% versus a 5% drop in the S&P 500 during the same time frame.

The company is also taking more aggressive actions to reduce its reliance on clearance

...