Nvidia takes $5.5 billion hit as US clamps down on its China chips

Nvidia says it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China, in the latest escalation of a growing battle for AI dominance. Its shares plunged in response.

​ Nvidia says it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China, in the latest escalation of a growing battle for AI dominance. Its shares plunged in response. Read More Breaking News, Latest News and Videos | CNN