Nvidia Says Aware Of Reports On New China Export Restrictions; Nvidia CFO Expects No Material Change To Earnings From Rules; Says China Accounts For 20-25% Of Data Center Sales
Portfolio Pulse from Happy Mohamed
Nvidia has acknowledged reports of new export restrictions in China. Despite this, the company's CFO does not anticipate any significant changes to earnings as a result of these rules. China accounts for 20-25% of Nvidia's data center sales.
June 28, 2023 | 4:07 pm
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NEGATIVE IMPACT
The new export restrictions in China may indirectly affect the iShares China Large-Cap ETF (FXI), which includes Nvidia as one of its holdings.
The new export restrictions in China could potentially have an indirect impact on the iShares China Large-Cap ETF (FXI), as Nvidia is one of the companies included in this ETF. However, the extent of this impact is uncertain and will depend on how significantly Nvidia's operations in China are affected by these restrictions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nvidia's CFO does not expect the new export restrictions in China to significantly impact the company's earnings. China accounts for 20-25% of the company's data center sales.
Nvidia's CFO has stated that the new export restrictions in China are not expected to have a significant impact on the company's earnings. This is despite the fact that China accounts for a significant portion (20-25%) of the company's data center sales. This suggests that Nvidia has a strategy in place to mitigate the potential impact of these restrictions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100