The United States government has notified NVIDIA that the previously announced ban on exporting chips will take immediate effect, rather than allowing a 30-day grace period as initially stated. This means that NVIDIA is unable to send A100, A800, H100, H800, and L40S chips to China without obtaining permission first.
NVIDIA states that this change in the order does not have a significant financial impact on the company. Despite the government’s ban announcement, NVIDIA’s stock experienced a temporary decline but has since rebounded. The latest stock price stands at $436.63, with a market capitalization still exceeding $1 trillion.
TLDR: The US government has immediately implemented a ban on NVIDIA’s chip exports to China, impacting the company’s ability to send specific chip models. Although NVIDIA’s stock briefly dropped, it has since recovered, with a market value still surpassing $1 trillion.