AI chip giant Nvidia warned that it will take a financial hit from new requirements around its H20 chips, which are aimed at the Chinese market. Shares in Nvidia Corporation and other chip technology companies are down in premarket trading this morning after Nvidia confirmed that it would take a significant financial hit to cover costs associated with a newly required export license so it can ship some of its latest chips outside of the

Shares in Nvidia slumped in after-hours trading late Tuesday after it said that tighter U.S. government controls on its exports of computer chips used for artificial intelligence will cost it an extra $5.

Chips sector sentiment soured Wednesday amid signs that the semiconductor industry is facing further export restrictions on advanced AI products. Why it matters: The global AI race is colliding with the trade war between the U.

After the Trump administration announced that phones, semiconductors, and computers would be excluded from new tariffs, chipmaker Nvidia (NVDA)

Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.