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Nvidia Revenue Could Be Affected By New US Restrictions

Nvidia Revenue Could Be Affected By New US Restrictions on China

Jun 28, 2023 | About 5 Minutes

Nvidia (NVDA), Advanced Micro Devices (AMD) and other chip makers are facing potential losses as new U.S. regulations on exporting artificial intelligence (AI) chips to China take effect. According to sources familiar with this matter, the US Department of Commerce is considering an extension of current restrictions on selling AI chips to China, which already requires special export licenses.

These restrictions may be implemented as early as July and could require a license for shipments to China and other concerned markets. China is a significant market for semiconductors, and these rules could pose challenges for chip stocks. As a result, Nvidia's stock dropped 3% in premarket trading, while AMD and Micron Technology also experienced declines. Investors will be closely evaluating the impact of these new rules on chip makers' sales.

However, the current dip in Nvidia's stock price may present a buying opportunity for investors, considering the high demand for AI chips. Analysts predict that demand for AI capabilities will exceed supply across different industries which therefore allows Nvidia more flexibility with their distribution strategies. Despite potential losses in China sales, analysts still maintain a positive outlook on Nvidia's stock, anticipating an update from the company on this matter soon. This dip-buying opportunity may be short-lived, depending on the market's reaction and any updates provided by Nvidia.

This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.