Nvidia Declines on Warning That China Restriction May Hurt Sales

(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.