Nvidia’s China sales face threat from Beijing’s environmental curbs
- Nvidia's shares fell by around 6% after concerns over new environmental rules in China impacting its chip business, with the stock trading at approximately $113.48 at 3:20 p.m. New York Time.
- China's National Development and Reform Commission has mandated firms to utilize energy-efficient chips, affecting Nvidia's H20 chip.
- Nvidia seeks a meeting with Zheng Shanjie and is reportedly adjusting the H20 chip to comply with the new standards.
- Nvidia's revenue from China and Hong Kong ranks as its fourth-largest market, constituting about 13% of its annual earnings, reflecting the significance of regulatory changes in these regions for the company's prospects.
27 Articles
27 Articles
Jim Cramer Calls China's Nvidia Restrictions 'Pathetic,' Says Jensen Huang Can Handle The Pressure - Alibaba Gr Hldgs (NYSE:BABA), Advanced Micro Devices (NASDAQ:AMD)
Jim Cramer has criticized potential restrictions on Nvidia Corp. in China, dismissing reports of regulatory challenges as "pathetic."


Nvidia stock tumbles on a report the chip titan could face tighter regulation in China
Getty Images; Chelsea Jia Feng/BINvidia stock fell close to 5% on Wednesday morning.The Financial Times reported that China was raising restrictions on chips.This could damage Nvidia's business. China makes up 13% of total annual sales, the FT said.The move: Nvidia sank 4.54% Wednesday morning, dropping to $115 per share by 10:35 a.m. ET. The flagship semiconductor firm is down 14.24% this year.Why: A report from the Financial Times says the chi…
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