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flag Nvidia takes a $5.5 billion hit as U.S. restricts exports of its chips to China.

flag Nvidia faces a $5.5 billion financial hit this quarter due to new U.S. export restrictions on its H20 chips to China. flag The U.S. government now requires licenses for these exports, fearing the chips could be used in Chinese supercomputers. flag This comes after previous restrictions on exporting Nvidia's most advanced GPUs to China. flag The impact on Nvidia's stock was immediate, with shares dropping by 6% in after-hours trading.

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