Nvidia Says New 'Notice Of Advanced Computing' Process With U.S. Regulators 'Has Not Resulted In Approvals' To Export Controlled Chips To China
Portfolio Pulse from Benzinga Newsdesk
Nvidia has disclosed in an SEC filing that its new 'Notice of Advanced Computing' process with U.S. regulators has not led to approvals for exporting controlled chips to China. This development could impact Nvidia's ability to sell its products in one of its key markets.
February 21, 2024 | 10:18 pm
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Nvidia's inability to secure approvals for exporting controlled chips to China as disclosed in its SEC filing could negatively impact its sales and revenue in the Chinese market.
Nvidia's announcement indicates regulatory challenges that could hinder its ability to export certain products to China, a significant market for its chips. This situation could lead to reduced sales and revenue in the short term, negatively affecting the stock price.
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