TECH - US Fires Another Shot At China's AI Aspirations: Latest On Nvidia Semiconductor War | Benzinga
NVIDIA Corp. (NASDAQ: NVDA) stock traded down nearly 5% on Tuesday afternoon following news the U.S. is implementing new restrictions on artificial intelligence exports to China.
Under older restrictions, Nvidia was allowed to export slowed-down versions of its H800 and A800 chips to China, but now the company will no longer be able to sell them to China.
Chip Wars: The regulations are part of the Biden administration’s efforts to slow down China’s development of artificial intelligence technologies that U.S. officials worry China will use for military purposes.
Nvidia’s stock has been one of the big winners ...