#USChinaTensions

NVIDIA AGAINST EXPORT CHIP RESTRICTIONS

NVDA shares fell more than 6% in pre-market trading

🔹Expected costs of $5.5 billion due to new AI export restrictions

🔹H20 AI chips — specifically built to comply — now require export licenses

🔹The ban affects China & Hong Kong, effective immediately and indefinitely

🔹H20 is expected to drive revenue of $12–15 billion in 2024

🔹Policy changes negatively impact US-China tech trade amid national security fears

🔹Nvidia reports earnings on May 28