According to BlockBeats, Nvidia has disclosed in regulatory filings that the U.S. government has informed the company that future exports of its H20 chip to certain countries will require a license. This requirement is set to remain in effect indefinitely as a response to previous export restrictions.
As a result of these restrictions, Nvidia anticipates recording approximately $5.5 billion in losses for the current fiscal quarter. These losses are related to inventory, purchase commitments, and associated reserves. Following this announcement, Nvidia's stock price fell by about 5% in after-hours trading.
