Reported 1 day ago
President Trump announced that the US government will receive 15% of Nvidia's sales of H20 chips to China, which, despite potential legal challenges, may improve Nvidia's outlook for Q3. While the Chinese market still shows demand for Nvidia's products, the company is grappling with an $8 billion hit to Q2 earnings due to previous bans and will take time to restart sales. Analysts suggest the deal could position Nvidia favorably in the competitive AI market, provided it maintains access to China.
Source: YAHOO