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Nvidia takes a $5.5 billion hit as U.S. restricts exports of its chips to China.
Nvidia faces a $5.5 billion financial hit this quarter due to new U.S. export restrictions on its H20 chips to China.
The U.S. government now requires licenses for these exports, fearing the chips could be used in Chinese supercomputers.
This comes after previous restrictions on exporting Nvidia's most advanced GPUs to China.
The impact on Nvidia's stock was immediate, with shares dropping by 6% in after-hours trading.
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Nvidia recibe un golpe de $ 5.5 mil millones mientras EE.UU. restringe las exportaciones de sus chips a China.