Lost the Biggest Customer! NVIDIA Loses $36.6 Billion Due to Ceasing Supply to China!

Welcome to VOC - Vision of China,In this episode, we dive into the significant $36.6 billion drop in NVIDIA’s market value due to their decision to halt chip exports to China. NVIDIA, a global leader in artificial intelligence chips, plays a pivotal role in cloud computing, gaming, and autonomous driving. However, recent developments have cast a shadow on their operations, risking their Chinese market and causing substantial devaluation. The root of this issue lies in the U.S. government’s chip export restrictions, as revealed by The Wall Street Journal. We explore the implications of this ban, tracing it back to Huawei’s Entity List inclusion in 2019 during trade tensions. We also discuss how these measures impact not only China but also U.S. firms, as China is a major chip market. The “CHIPS Act“ signed by President Biden, designed partly to address chip shortages, may not be delivering the intended results and has affected major U.S. chip companies.