Overview

• Nvidia has disclosed an estimated $15 billion revenue loss due to tightened U.S. export controls, on top of $5.5 billion in inventory write-downs.
• The Trump administration's mid-April policy extended export restrictions to Nvidia's slower H20 chips, previously allowed under Biden-era rules.
• CEO Jensen Huang warns that export restrictions will not halt China's AI development but are fostering a closed-off AI industry poised to compete globally.
• Nvidia's GPUs are critical for advanced AI development, making them indispensable to Chinese AI researchers and developers.
• The U.S. export measures risk eroding American competitive advantage by encouraging the emergence of rival AI ecosystems in China.