H20 exports are restricted. NVIDIA's share price drops by more than 6%. Internet giants are hit the hardest.
H20 Exports Restricted, NVIDIA Drops Over 6% - Internet Giants Hit the Hardest
via cnBeta.COM Chinese Industry News Site - Telegram Channel
Telegraph
H20 Exports Restricted, NVIDIA Drops Over 6% - Internet Giants Hit the HardestH20 Exports Restricted, NVIDIA Drops Over 6% - Internet Giants Hit the Hardest. On April 14, the US government informed NVIDIA that this license requirement would be effective indefinitely. Although the US government has left the license and not completely banned the sale of H20, it is equivalent to a ban according to the previous practice of restricting the export of high-performance computing chips from the US to China. After the news spread, NVIDIA's after-hours share price dropped by more than 6%. Industry analyst Yuxuan said, "Since there have been rumors about the possible ban on H20 at the beginning of the year, the market has fully expected this. I am firmly optimistic about domestic cards." Regarding the ban on H20, there are two key questions. Who will be most affected by the ban? Can domestic cards really replace imported ones? For further discussion, please add the author's WeChat BENSONEIT. NVIDIA and internet giants least hope H2…
