
Nvidia Hit with $5.5 Billion Charge Following US Chip Sales Ban to China
US Export Curbs Trigger Massive Charge Nvidia announced on Tuesday it will take a $5.5 billion charge after the U.S. imposed new restrictions on exports of its H20 AI chip to China. The H20 is Nvidia’s most advanced chip currently available for the Chinese market. Nvidia Shares Slide 6% Following the announcement, Nvidia’s stock dropped…