China asks tech companies to decrease reliance on Nvidia's chips and use local AI chips, impacting Nvidia's data center sales in China.

China reportedly asks tech companies to decrease reliance on Nvidia's chips and use local AI chips instead, impacting Nvidia's data center sales in China. Beijing aims to reduce reliance on Western technology and promote Chinese alternatives. Nvidia had previously tailored H20, L20, and L20 chips for China due to US export restrictions. This guidance has influenced Nvidia's stock price.