Caixin
Sep 01, 2022 01:48 PM
TECH

Nvidia Declines on Warning That China Restriction May Hurt Sales

Nvidia headquarters in Santa Clara, California, U.S., on Feb. 23, 2021. Photo: Bloomerg
Nvidia headquarters in Santa Clara, California, U.S., on Feb. 23, 2021. Photo: Bloomerg

(Bloomberg) — Nvidia Corp. fell in late trading after warning that new rules governing the export of artificial-intelligence chips to China may affect hundreds of millions of dollars in revenue.

The stock dropped as much as 5.1% in extended trading following the disclosure that Nvidia’s A100 and forthcoming H100 products will require approval from the U.S. government before they can be sold to Chinese customers. The U.S. is concerned that these processors might be used by the military, Nvidia said in a regulatory filing Wednesday. The company received the notification on Aug. 26.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code