Meanwhile, another prominent chip maker, Advanced Micro Devices (NASDAQ: AMD), received a similar notice from Washington, Investor’s Business Daily reported today.ĪMD’s financial results could actually be affected significantly more than those of Nvidia by the new restrictions. is implementing the new rule to “address the risk that the covered products may be used in, or diverted to, a ‘military end use.'” The measure will negatively impact sales of Nvidia’s A100 and H100 offerings, which are used to facilitate the development of artificial intelligence.

The new requirement also applies to Russia, but Nvidia reported that it does not have any customers in that country.Īccording to the filing, the U.S. The firm estimates the rule could reduce its annual revenue by $400 million.

Washington is requiring Nvidia to meet new criteria to obtain a license to sell its chips to Chinese customers, Nvidia reported yesterday via an SEC filing. The shares of a number of other chip makers are also retreating, while Nvidia and some of its peers are trending on social media today. government’s decision to further restrict the sale of computer chips to China and Russia, Nvidia (NASDAQ: NVDA) stock is sinking more than 9%. InvestorPlace - Stock Market News, Stock Advice & Trading Tipsįollowing the U.S.

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