{"id":27637,"date":"2023-10-18T06:43:19","date_gmt":"2023-10-18T06:43:19","guid":{"rendered":"https:\/\/isafespend.com\/investing\/nvidias-stock-eases-losses-in-wake-of-expanded-restrictions-on-china-sales\/"},"modified":"2023-10-18T06:43:20","modified_gmt":"2023-10-18T06:43:20","slug":"nvidias-stock-eases-losses-in-wake-of-expanded-restrictions-on-china-sales","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=27637","title":{"rendered":"Nvidia\u2019s stock eases losses in wake of expanded restrictions on China sales"},"content":{"rendered":"
\n

Chip stocks were under some pressure Tuesday as the U.S. said it would expand restrictions on semiconductor sales to China, though many names were paring losses as the session wore on.<\/p>\n

\u201cAs we implement these restrictions, we will keep working to protect our national security by restricting access to critical technologies, vigilantly enforcing our rules, while minimizing any unintended impact on trade flows,\u201d Secretary of Commerce Gina Raimondo said in a Tuesday release. <\/p>\n

\n

The Department of Commerce added in the release that the new rules, which reinforce ones from a year ago, were created in part to address China\u2019s \u201cefforts to
obtain semiconductor manufacturing equipment essential to producing advanced integrated circuits needed for the next generation of advanced weapon systems, as well as high-end advanced computing semiconductors necessary to enable the development and production of technologies such as artificial intelligence (AI) used in military applications.\u201d<\/p>\n

Shares of Nvidia Corp.
\n NVDA,
\n -4.68%<\/bg-quote>
\n were off nearly 4% in morning trading Tuesday, paring losses after having fallen as much as 7.8% earlier in the session. <\/p>\n

\u201cGiven the demand worldwide for our products, we don\u2019t expect a near-term meaningful impact on our financial results,\u201d an Nvidia spokesperson said in a statement. <\/p>\n

Shares of Intel Corp.
\n INTC,
\n -1.37%<\/bg-quote>
\n were off more than 1%, while shares of the PHLX Semiconductor Index
\n SOX
\n were down 0.5%.<\/p>\n

\u201cWe are evaluating the impact of the updated export controls on the U.S. semiconductor industry,\u201d the Semiconductor Industry Association said in a statement Tuesday. The trade group added that \u201c[o]verly broad, unilateral controls risk harming the U.S. semiconductor ecosystem without advancing national security as they encourage overseas customers to look elsewhere.\u201d<\/p>\n

Raymond James analyst Srini Pajjuri saw a limited impact for Nvidia based on his initial read of the Department of Commerce\u2019s documentation. <\/p>\n

\u201cThe key question for us is whether the ban will expand to include recently launched L40S,\u201d he wrote. \u201cThe rules mention that any GPU that has >50B transistors AND [High Bandwidth Memory] might raise a red flag and likely require a license.\u201d<\/p>\n

While the H800\/A800 each have more than 50B (54B\/80B) transistors and come with High Bandwidth Memory, the L40S falls above the threshold for its number of transistors but doesn\u2019t come with High Bandwidth Memory. <\/p>\n

\u201cOur initial reaction (not yet confirmed by the company) is that L40S does not fall under new restrictions, which should help offset some impact from H800\/A800,\u201d Pajjuri wrote. <\/p>\n

See also (from May 2023):<\/strong> Nvidia CEO warns of \u2018enormous damage\u2019 if China chip war escalates<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chip stocks were under some pressure Tuesday as the U.S. said it would expand restrictions on semiconductor sales to China, though many names were paring losses as the session wore on. \u201cAs we implement these restrictions, we will keep working to protect our national security by restricting access to critical technologies, vigilantly enforcing our rules,<\/p>\n","protected":false},"author":1,"featured_media":18131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-27637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nNvidia\u2019s stock eases losses in wake of expanded restrictions on China sales | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Chip stocks were under some pressure Tuesday as the U.S. said it would expand restrictions on semiconductor sales to China, 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