US EditionNvidia expects up to $5.5 billion charge in first quarter
- Nvidia anticipates a $5.5 billion charge in its fiscal first quarter of this year.
- New U.S. Government regulations requiring export licenses for H20 AI chips to China caused this charge.
- The charge relates to H20 products, specifically covering inventory and purchase commitments.
- Nvidia stated the charges involve "inventory, purchase commitments, and related reserves."
- Alongside restrictions, Nvidia plans a $500 billion AI server project within the U.S. With partners.
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527 Articles
US stocks drop as fog of Trump trade war thickens
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off of its results, while companies around the world said President Donald Trump's trade war is clouding forecasts for…
US stocks tumble as fog of Trump's trade war thickens
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Donald Trump’s trade war is clouding forecasts for how…
U.S. stocks drop as Nvidia slides and the fog of Trump's trade war thickens
The S&P 500 sank 2.2% after falling as much as 3.3% earlier. Such an amount would have vied for one of its worst losses in years before the historic swings that have upended Wall Street in recent weeks.
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