Another two major U.S. companies blamed China for weaker earnings — construction machinery giant and chipmaker — and their shares both plunged on Monday because of it.
Goldman Sachs had warned clients about companies with big international sales in a note on Friday, especially those with big revenues from China. It specifically warned about Nvidia ahead of the chipmaker‘s surprise disclosure on Monday.
The other names on the list that gave Goldman pause were , , , , and . Those six, along with Nvidia, get more than half their sales from Greater China, according to the firm.