Nvidia falls 1.3% pre-market, reportedly halting production of H20 chips.
NVIDIA fell 1.3% before the market opened to $172.7. In terms of news, some media outlets reported that NVIDIA has informed some component suppliers to temporarily stop production of components related to the H20 chip customized for the Chinese market. NVIDIA CEO Jensen Huang said that the company has a large supply of H20 chips ready and is currently waiting for orders from Chinese customers. When orders are received, we will be able to purchase more.
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