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Nvidia Faces $5.5 Billion Hit Amid U.S. Export Restrictions on AI Chips to China
Nvidia will take $5.5 billion in charges due to U.S. restrictions on exporting its H20 AI chip to China. This has affected Nvidia's market presence in China, where firms like Tencent and Alibaba show strong demand for AI chips.
Nvidia Hit by $266 Billion Wipeout After U.S. Bans AI Chip Sales to China
The U.S. government's move, targeting Nvidia's H20 chips, blocks sales to Chinese firms such as ByteDance and Alibaba (NYSE:BABA). As a result, Nvidia now expects a $5.5 billion hit to first-quarter revenue due to halted deliveries.
AliCloud is likely a big customer of Nvidia and could have trouble getting advanced chips, a Baird analyst noted.
NVIDIA is taking a $5.5B this quarter thanks to its H20 AI GPUs bound for China being banned, indefinitely. NVIDIA stock was ...
Nvidia (NASDAQ:NVDA) announced it will incur $5.5 billion in charges after the U.S. government indefinitely restricted ...
The company is prohibited from selling the H20, which was specifically designed for China. Nvidia announced it will incur ...
The Commerce Department announced it is mandating new licensing requirements for Nvidia and AMD to export popular chips to ...
Nvidia (NVDA) stock fell nearly 3% in yesterday’s trading session, extending a 7% drop from the previous day, after the Trump ...
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