Nvidia expects the限售 of H20 to cause an $8 billion loss in Q2.

Nvidia Expects $8 Billion Loss Caused by H20 Sales Restrictions in Q2

After Nvidia announced its Q1 financial report, Jensen Huang, the company's CEO, discussed the impact of the US government's chip export control regulations on Nvidia during a conference call with analysts. He said that the US export control regulations have caused huge losses to the company's revenue. However, these regulations cannot stop the development of China's artificial intelligence. Instead, they will stimulate China's innovation, protect China's chip manufacturing industry from US competition, and better enhance its strength overseas. Nvidia said that the excess inventory of H20 chips in the first quarter generated an expense of $4.5 billion, lower than the previously expected $5.5 billion. If there were no restrictions, the company should have recorded an additional $2.5 billion in sales. The company expects that in the second fiscal quarter, the US export ban will cause Nvidia to lose $8 billion in revenue. Jensen Huang said that China's artificial intelligence is developing with or without US chips.

—— CLS, Nvidia

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