Nvidia says it follows export laws 'to the letter' a day after AI chip sales to China stopped

1. Nvidia incurs $5.5 billion cost from canceled H20 chip orders. 2. The U.S. House Select Committee is investigating Nvidia's sales practices. 3. Nvidia claims its compliance with export regulations ensures national security. 4. The stock price dropped almost 7% following the announcement. 5. New AI diffusion rules may further restrict Nvidia's exports next month.