Nvidia Plummets In Premarket—Projects $5.5 Billion Blow From New Restrictions On AI Chip Exports To China
1. Nvidia faces export restrictions on H20 AI chips to China indefinitely. 2. Company expects a $5.5 billion hit in fiscal Q1 2026 results. 3. Nvidia's stock fell more than 7% in premarket trading to $104.32. 4. CEO Huang's prior dinner with Trump did not prevent new restrictions. 5. Nvidia plans two new factories in the U.S. for AI supercomputer production.