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

September 1, 2022
Source: marketwatch.com marketwatch.com
News Snapshot:
Nvidia Corp. shares fell in late trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission , Nvidia NVDA, -2.42% revealed that the U.S. has installed new license requirements for its A100 and forthcoming H100 integrated circuits — Nvidia’s highest-performance products for servers — in sales to China and Russia. The filing specifically states that Nvidia’s forecast for the current quarter includes an expected $400 million in data-center sales to China that could be affected by the move; Nvidia does not...
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