New Export Rule To Cost Nvidia Billions

Bigger picture: The H20 is the most advanced chip that Nvidia is permitted to ship to China, and was designed to adhere to Biden-era export controls. China accounted for 13% of Nvidia's total revenue in the fiscal year ending January 26, 2025. Chinese companies have been ramping up H20 orders, bracing for potential U.S. export curbs. The increase in orders was also driven by growing demand for DeepSeek's (DEEPSEEK) AI models, which were developed at much lower costs compared to U.S. rivals. Cloudy outlook: ...