Reported 3 days ago
Nvidia announced it will incur a $5.5 billion loss due to new US export restrictions on its H20 AI chips to China, reflecting ongoing trade tensions between the two nations. The US government has tightened controls to prevent China from advancing its military and AI capabilities, leading to economic concerns and disruptions for companies like Nvidia that depend on the Chinese market. This latest development follows existing tariffs and uncertainties that are impacting global economic growth, especially in North America.
Source: YAHOO