Nvidia On Verge Of Losing $5B China Revenue In 2024 As US' Stricter Export Ban Returns To Haunt The AI Stalwart
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) is at risk of losing $5 billion in revenue from China due to the US government's stricter export ban on high-performance chips. The ban has disrupted Nvidia's plans to deliver some 2024 orders in advance. The company, however, does not foresee a significant near-term impact and is reallocating the advanced AI computing systems to the US and other regions. The ban could have long-term implications for Nvidia and the broader semiconductor industry.
October 31, 2023 | 8:32 am
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Nvidia's potential loss of $5 billion in revenue from China due to the US chip export ban could negatively impact the company's future earnings. However, the company is mitigating the impact by reallocating its AI systems to other regions.
The US government's stricter export ban on high-performance chips to China could result in Nvidia losing a significant amount of revenue. This could negatively impact the company's future earnings. However, Nvidia is attempting to mitigate the impact by reallocating its AI systems to the US and other regions.
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