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Nvidia Slips 6%+ After-Hours as H20 Chip Exports to CN Require License
Nvidia (NVDA.US) shares plummeted 6.33% to USD105.1 in after-hours trading following a U.S. media report. The company reportedly disclosed in a regulatory filing that it received n...
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Nvidia Slips 6%+ After-Hours as H20 Chip Exports to CN Require License
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Nvidia (NVDA.US)      shares plummeted 6.33% to USD105.1 in after-hours trading following a U.S. media report.

The company reportedly disclosed in a regulatory filing that it received notification from the U.S. government requiring a license for "indefinite" exports of H20 chips to China.

Related NewsLoan Prime Rate 1Y for 2025 in China is 3.1%, unchanged from its last period. The forecast was 3.1%.
The government cited concerns that the products"may be used in, or diverted to, Chinese supercomputers.

Nvidia warned that it expects to record approximately USD5.5 billion in expenses in 1Q25 related to H20 series "inventory, purchase commitments, and related reserves".
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