US to block Nvidia's sale of scaled-back AI chips to China, The Information says

Core Insights - The White House has decided to prohibit Nvidia from selling its latest scaled-down AI chips to China, as reported by The Information, citing three sources familiar with the situation [1] Group 1 - The decision reflects ongoing tensions between the U.S. and China regarding technology and trade [1] - Nvidia's latest AI chips are considered critical for advancements in artificial intelligence, making this restriction significant for both companies and the industry [1] - The move may impact Nvidia's revenue and market strategy, particularly in the Chinese market, which is a key area for growth [1]