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Nvidia stock falls after U.S. moves to restrict its data-center sales in China

September 1, 2022
Source: outperformdaily.com outperformdaily.com
News Snapshot:
Reuters U.S. officials order Nvidia to halt sales of top AI chips to China (Reuters) -Chip designer Nvidia Corp on Wednesday said that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms’ ability to carry out advanced work like image recognition and hamper a business Nvidia expects to generate $400 million in sales this quarter. Nvidia shares fell 4% after hours. The company said the ban, which affects its A100 and H100 chips designed to speed up machine learning tasks, could interfere with completion of...
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China Tech Buzz Topics: AI | artificial intelligence | ban | boycott | Business | China | Chinese | chip | chips | Computing | data | image recognition | IT | machine learning | Nvidia | Reuters | sales | shares | stock | U.S.

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