Nvidia Faces Export Restrictions on H20 Chip, Expects Significant Losses

According to BlockBeats, Nvidia has disclosed in regulatory filings that the U.S. government has informed the company that future exports of its H20 chip to certain countries will require a license. This requirement is set to remain in effect indefinitely as a response to previous export restrictions.As a result of these restrictions, Nvidia anticipates recording approximately $5.5 billion in losses for the current fiscal quarter. These losses are related to inventory, purchase commitments, and associated reserves. Following this announcement, Nvidia's stock price fell by about 5% in after-hours trading.