Global chip stocks slide as Nvidia warns of big hit from U.S. export curbs
Nvidia said the charges it would incur is a result of U.S. restricting the export of its H20 AI chip to China, along with AMD's MI308 and their equivalents. The export curbs to China have in recent years squeezed U.S. companies, but the country remains a crucial revenue source with Nvidia drawing more than 13% of its sales, or some $17 billion, from China in its last fiscal year.