Nvidia says it expects to lose $5.5 billion in the first quarter due to U.S. export restrictions on chips

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MarsBit
04-16
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According to Bloomberg on April 16, Nvidia disclosed in regulatory filings that the U.S. government has notified the company that its H20 chips, designed to address previous export restrictions, will require a license for future exports to certain countries, and this requirement will be "indefinitely" valid. As a result, Nvidia expects to incur approximately $5.5 billion in related losses in this fiscal quarter, involving inventory, procurement commitments, and related reserves. Following this news, Nvidia's stock price dropped by about 5% after hours.

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