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The AI Chip Battle Between US and China

Nvidia Era Begins As It Touches $1 trillion Market Cap

Poor Nvidia, it has a loop to disconnect: "New export restrictions announced by the U.S. government may force Nvidia to cancel more than $5 billion in advanced artificial intelligence chip orders to China in 2024. The Biden administration's move is aimed at restricting China’s access to technology that could have military and cyberwarfare applications. Nvidia has been trying to speed up delivery of some orders before the new rules take effect in mid-November, anonymous sources tell The Wall Street Journal. A Nvidia spokesperson says the “new export controls will not have a meaningful impact in the near term.” "