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Nvidia on Tuesday said it would take $5.5 billion in charges after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.
Nvidia’s AI chips have been a key focus of US export controls as US officials have moved to keep the most advanced chips from being sold to China as the US tries to keep ahead in the AI race. After those controls were implemented, Nvidia began designing chips that would come as close as possible to US limits.
Nvidia shares were down about 6% in…
