Nvidia says it follows export laws 'to the letter' a day after AI chip sales to China stopped
Publishing timestamp: 2025-04-16 22:39:40
Summary
Nvidia follows U.S. government's directions on where it can sell its AI chips to the letter, after incurring $5.5 billion in costs related to canceled orders for H20 chip. The company's statement comes after increased scrutiny on its AI chip business in Washington, D.C., and a House Select Committee investigation. Nvidia's stock price tumbled almost 7% on Wednesday, and the company faces challenges related to Chinese export controls and congressional investigations.
Sentiment: MIXED
Tickers: NVDA,
Keywords: technology, apple inc, business, nvidia corp, business news, breaking news: technology, china, mobile, united states,