![]() The company warned that it may lose revenues if Chinese firms decide not to buy alternative NVIDIA products. The restrictions are expected to hamper NVIDIA’s business in China from where the company is expecting to generate $400 million in revenues from the sale of the aforementioned chips in the third quarter of fiscal 2023. This could also require NVIDIA to transition some of its operations outside China. The newly imposed restrictions are likely to impact the company’s ability to support the existing customers of A100 as well as complete the development of H100 timely. Though the company does not sell products to customers in Russia, the new licensing requirements are going to significantly hurt its data center chip sales in China. NVIDIA’s A100 and H100 are its highest-performance chips used in data centers for AI, data analytics and computing applications. ![]() ![]() NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote Export Restrictions to Hurt NVIDIA’s Sales government intends to “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia,” per NVDA in the SEC filing. With the new licensing requirements, the U.S. Additionally, any systems developed in the future incorporating the aforementioned types and thresholds will also fall under export restrictions. The new licensing requirements will also be implied on any future chip designs developed by NVIDIA that have a threshold greater than or equivalent to A100. The government has also banned NVIDIA from exporting DGX or any other systems that incorporate A100 or H100 integrated circuits. government informed it on Aug 26 about imposing a new licensing requirement, effective immediately, for its A100, A100X and forthcoming H100 integrated circuit sales in China and Russia. In a filing with the Securities and Exchange Commission (“SEC”), NVIDIA disclosed that the U.S. government told it to stop exporting top artificial intelligence (“AI”) chips to China and Russia. NVIDIA Corporation’s NVDA shares plunged 6.6% in Wednesday’s extended trading session after it revealed that the U.S.
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