🚨🇺🇸🇨🇳NVIDIA HIT HARD BY CHIP EXPORT BAN

NVDA stock drops over 6% in pre-market trading

🔹$5.5B charge expected due to new US export restrictions

🔹H20 AI chip — built specifically to comply — now requires export license

🔹Ban affects China & Hong Kong, effective immediately and indefinitely

🔹The H20 was a $12–15B revenue driver in 2024

🔹Policy shift deals blow to US-China tech trade amid national security fears

🔹Nvidia reports earnings May 28

#NVDA #AI #China #USChinaTensions #Geopolitics #TechNews $ETH