According to Yahoo Finance, Nvidia and AMD face major revenue hits after new U.S. export restrictions blocked shipments of their AI chips to China. JPMorgan analysts said U.S. authorities recently informed Nvidia and AMD that exports of their chips to China now require new licenses. Nvidia expects a more than $5 billion charge from the halt, while AMD anticipates an $800 million hit. JPMorgan analysts expect the inventory charges tied to U.S. export restrictions to significantly reduce projected data center revenue for both chipmakers.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA and AMD face major revenue hits after new U.S. export restrictions block shipments of their
00:07AI chips to China, according to Yahoo Finance. JPMorgan analysts and U.S. authorities recently
00:12informed NVIDIA and AMD that exports of their chips to China now require new licenses. NVIDIA
00:18expects a more than $5 billion charge from the home, while AMD anticipates an $800 million hit.
00:24JPMorgan analysts expect the inventory charges tied to U.S. export restrictions
00:28to significantly reduce projected data center revenue for both chip makers.
00:32For all things money, visit Benzinga.com slash GSTV.