Nvidia could be hit hard by the new chip export license. Analysts warn the big decision is still to come.

1. Nvidia faces new export license requirements for selling chips to China. 2. The Trump administration's decision may significantly impact Nvidia's revenue. 3. Analysts predict Nvidia could incur up to $5.5 billion in charges. 4. H20 chip sales may suffer as clearance processes are expected to be lengthy. 5. Biden's AI rules could potentially impose broader export limitations next month.