On Aug. 26, Nvidia ( NVDA ) announced that the U.S. government imposed a new license requirement for certain Nvidia data center graphics processing units, or GPUs , (the current generation A100 and upcoming H100) exported to China or Russia . We note Nvidia hasn’t been selling products to customers in Russia since the outset of the Russia -Ukraine war. Nvidia ’s major cloud customers include Chinese firms such as Alibaba, Tencent, and Baidu for a variety of applications such as natural language processing , image recognition, and deep recommendation engines. The purpose of the new license agreement is to…