Trending: Nvidia Expects Sales Hit From U.S. Licensing Rule
01 9월 2022 - 11:58PM
Dow Jones News
10:28 ET -- Nvidia Corp. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data, after the chip maker forecast a hit to
sales from a U.S. licensing rule. In a regulatory filing, Nvidia
says it could lose as much as $400 million in quarterly sales after
the U.S. imposed new licensing requirements on shipments of some of
its most advanced chips to China. The company says it was in talks
with Chinese customers to fulfill planned purchases with other
products and may seek licenses from the government if the
replacements weren't sufficient. The U.S. Commerce Department says
it taking action to protect U.S. national security. The new rule is
weighing on Nvidia's shares, which were down 8.6% in morning
trading, widening the year-to-date drop to 53%. Dow Jones & Co.
owns Factiva. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
September 01, 2022 10:43 ET (14:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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