Nvidia projects $5.5 billion hit as US restricts exports of H20 AI chips to China; stock falls over 6% in extended trade
Nvidia on Tuesday announced it expects a hit of $5.5 billion in its current fiscal quarter, following new US government restrictions on exports of its H20 artificial intelligence (AI) chips to China. Nvidia share price plunged 6.33% during after-hours trading. In a filing with the US Securities and Exchange Commission (SEC), Nvidia said US officials…
