NVIDIA’s $5 Billion AI GPU Orders & Share Price At Stake As US Drops The Hammer On China

News Snapshot:

NVIDIA is reportedly going to cancel AI GPU orders worth up to $5 Billion in light of the latest restrictions imposed by the US on China, reports Reuters. The Impact of New US Curbs Starts To Show, As NVIDIA's Share Pricing Down to An All-Time Low Since August Amidst Reports of $5 Billion AI GPU Orders Cancellation In China The Biden administration has clear intentions to suppress the rapid growth of the AI industry in China, by restricting the export of cutting-edge chips to the nation, creating an artificial shortage. According to U.S. Commerce Secretary Gina Raimondo, the sanctions are...