Nvidia Hit with $5.5 Billion Loss Due to U.S. Export Ban on AI Chips to China
Nvidia Corporation has announced it will incur a $5.5 billion charge in its first-quarter earnings due to new U.S. government restrictions on the export of its advanced H20 artificial intelligence (AI) chips to China. The U.S. Department of Commerce has mandated that Nvidia obtain licenses for H20 exports to China, with these rules being indefinite. […]
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