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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] NVIDIA Corporation (NASDAQ: NVDA) shares are falling amid reports that China is blocking imports of its H200 artificial intelligence (AI) chips.
As of 11:38 a.m. EST on January 14, NVIDIA shares were trading at $181.97, down $3.84, or 2.07%, compared to the previous trading day.
According to Reuters, Chinese customs authorities are reportedly not allowing the import of NVIDIA’s H200 chips into China.
The previous day, the United States had officially approved the export of H200 chips to China, contingent on a portion of NVIDIA’s sales revenue from the Chinese market. However, news of China’s import restrictions has led to a decline in NVIDIA’s stock price.
CEO Jensen Huang has previously highlighted China as a $500 billion AI market, underscoring the strategic importance of Chinese sales for NVIDIA’s growth in the AI sector.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
