Nvidia Takes $5.5 Billion Hit, Stock Plummets Amid AI Chip Export Restrictions

Nvidia’s stock experienced a sharp decline after the company disclosed a significant $5.5 billion charge related to export restrictions on its H20 AI chips. These restrictions stem from the U.S. government’s new regulations on AI chip exports, impacting Nvidia’s sales in key markets. Investors are concerned about the long-term consequences of these restrictions and the potential slowdown in growth for the company.