As Per Filing, NVIDIA Says "Given The Strength Of Demand For Our Products Worldwide, We Do Not Anticipate That The Additional Restrictions Will Have A Near-term Meaningful Impact On Our Financial Results."
Portfolio Pulse from Benzinga Newsdesk
NVIDIA has stated that the additional licensing requirements for exports to China and other countries, imposed by the Interim Final Rule, will not have a significant impact on their financial results due to the strong demand for their products worldwide. The rule affects the export of certain integrated circuits, including the A100, A800, H100, H800, L40, L40S, and RTX 4090.
October 17, 2023 | 9:42 pm
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NVIDIA does not anticipate a significant impact on their financial results due to new export restrictions, citing strong global demand for their products.
NVIDIA's confidence in their financial stability despite new export restrictions is based on the strong global demand for their products. This suggests that they have a diverse market and are not overly reliant on the regions affected by the new rules. Therefore, the short-term impact on their stock is likely to be neutral.
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