Nvidia's China Sales Face Setback As H20 Chip Restrictions Catch Key Buyers Off Guard: Reuters - NVIDIA ( NASDAQ:NVDA )
Nvidia stock drops after U.S. ruled H20 chip exports to China need a license, risking $18B in orders and $5.5B in charges. China drove 13% of Nvidia's 2024 sales; top firms rushed $16B in H20 chip orders ahead of looming sanctions.
https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reute