Nvidia stock

Nvidia stock and AMD stock fell on Thursday after the U.S. government imposed new export restrictions on chips to China and Russia.

That's due to the potential growth in the data center market in China, he said. He rates Nvidia stock as outperform. The trade restrictions will add to investor angst about chip demand and growth prospects, Deutsche Bank analyst Ross Seymore said in a note to clients. But the restrictions will impact about $400 million in potential sales to China in the company's fiscal third quarter. "As for glass half full, this might be just an attempt by the U.S. It also might be successful in getting licenses for sales to certain data center customers, he said. The restrictions would cover AMD's Instinct MI250X and forthcoming MI300 GPUs. AMD stock retreated 3% to 82.33. government imposed export restrictions to China and Russia on those companies' high-end processors for data centers and artificial intelligence.X government had imposed a new license requirement on exports of its A100 graphics processing unit, or GPU, and forthcoming H100 chips to China, including Hong Kong, and Russia. Nvidia said it currently doesn't sell those chips in Russia. It said the U.S.

U.S. chip stocks tumbled on Thursday, with the main semiconductor index down more than 3% after Nvidia and Advanced Micro Devices said U.S. officials told ...

“We see an escalation in US semiconductor restrictions to China and increased volatility for the semiconductors and equipment group following NVIDIA’s update,” Citi analyst Atif Malik wrote in a research note. The 30 companies making up the Philadelphia semiconductor index lost a combined about $100 billion worth of stock market value. chip stocks tumbled on Thursday, with the main semiconductor index down more than 3% after Nvidia and Advanced Micro Devices said U.S. U.S. Article content

Nvidia said Thursday that the U.S. government told it that it can continue to develop its H100 artificial intelligence chip in China.

"While there are potential near and intermediate term risks from the export ban, Nvidia is working closely with the [U.S. Nvidia said Thursday that it can continue to ship AI chips from its Hong Kong facility through September 2023. The A100 is an older model that has been shipping for three years. [Nvidia said in an SEC filing Wednesday](https://www.cnbc.com/2022/08/31/nvidia-stock-falls-after-us-government-restricts-chip-sales-to-china.html) that the U.S. "The U.S. [Nvidia](//www.cnbc.com/quotes/NVDA) on Thursday said the U.S.

Nvidia shares fell sharply Thursday after the U.S. government ordered the chipmaker to stop exporting artificial intelligence components to clients in ...

Gaming weakness, Nvidia said, would be partly offset by firmer demand in its automotive and data center businesses. "The (U.S. government ordered the chipmaker to stop exporting artificial intelligence components to clients in China. Government) indicated that the new license requirement will address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia," Nvidia said, adding it doesn't sell products to customers in Russia. [AMD](https://www.thestreet.com/quote/AMD)) was also told it can no longer sell its MI250 AI chips into the China market, although the group told Reuters it doesn't expect its MI100 chips to be affected by the new licensing rules. Nvidia added that the launch of H100 chips, which was expected later this year, will likely be delayed as it transitions some of its operators out of China as a result of the U.S.

Shares of Nvidia (NVDA -7.66%) tumbled hard on Thursday, falling as much as 11.1%. As of 11:13 a.m. ET, the stock was still down 10.9%.

Nvidia noted that the company "does not sell products to customers in Russia," so the new license requirement applies only to sales of its chips in China. government had imposed a new licensing requirement on the company's high-end chips used for artificial intelligence (AI) systems and data centers, effective immediately, for any exports to China and Russia. The data center segment carried the day, climbing 61% year over year. government] will grant any exemptions or licenses for any customer, or that the USG will act on them in a timely manner." These [NVDA](/quote/nasdaq/nvda/) -7.66%) tumbled hard on Thursday, falling as much as 11.1%.

The U.S. government unveiled fresh restrictions on the sale of computing chips for artificial intelligence to China late Wednesday, heaping pressure on ...