Home NewsStock Market News The United States informs Nvidia to stop selling H100 and A100 chips to China and Russia, and the loss may be as high as 400 million US dollars | Anue Juheng-US Stock Radar

The United States informs Nvidia to stop selling H100 and A100 chips to China and Russia, and the loss may be as high as 400 million US dollars | Anue Juheng-US Stock Radar

by WOOWinvest
0 comment
The United States informs Nvidia to stop selling H100 and A100 chips to China and Russia, and the loss may be as high as 400 million US dollars | Anue Juheng-US Stock Radar


Nvidia said after the market close on Wednesday (31st) that it would stop selling its A100 chips and the upcoming H100 chips to China and Russia under a new U.S. government notification of export rules, a move that could cost Nvidia. Up to 400 million US dollars, and even moved some operations out of China. Meanwhile, Advanced Micro Devices (AMD) also said it had received new licensing requirements from the US government.

Huida’s latest announcement shows that the US government notified Huida on August 26 that the US has implemented new licensing requirements, requiring the company to address the use or transfer of its products for “military end-use” or “military end-users” in China and Russia. “risks of.

Huida said it does not sell any products to Russia, but could lose about $400 million in potential sales to China in the current third quarter due to new U.S. export rules. Huida further said that the new export restrictions may affect its ability to develop H100 products on time and may force it to relocate some of its operations out of China.

At the same time, AMD also said it had received a new license request from the U.S. government to stop the export of its MI250 artificial intelligence chips to China, but the company did not believe its MI100 chip sales would be affected. AMD said the new rules will not have a significant impact on its business.

AMD also said it had been notified of the new export rules from the US (Image: AFP)

Stacy Rasgon, a financial analyst at Bernstein, said that the news highlights huida’s data center sales that investors have been paying close attention to in recent years, of which 10% came from China. The overall impact on huida’s sales may be manageable, but the current situation seems to be Not good, because the scope of US export restrictions may escalate in the future.

Affected by this news, shares of NVIDIA (NVDA-US) plunged more than 5.8% in after-hours trading on Wednesday, and shares of AMD (AMD-US) fell more than 3.8% after-hours.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy