Nvidia Set to Record $5.5 Billion Charge Due to H20 GPU Sales Impact in China
Nvidia’s CEO, Jensen Huang, recently announced that the company will face a $5.5 billion charge due to new U.S. restrictions on exporting its H20 graphics processing units to China and other regions. This news caused Nvidia’s stock to drop more than 6% in after-hours trading. The U.S. government has mandated licenses for these exports, indicating ...
