NVIDIA Cancels $8 Billion H20 Orders in Q2 Due to Chinese Export Restrictions

➀ NVIDIA revealed that U.S. export controls led to the cancellation of $8 billion in Q2 H20 AI chip orders for China, with $2.5 billion in Q1 revenue recognition blocked;➁ CEO Jensen Huang warned that strict regulations prevent designing Hopper-based products for China, potentially boosting local competitors and weakening U.S. firms' position in China's $50 billion AI semiconductor market;➂ NVIDIA reported Q1 revenue of $44.6 billion (up 69% YoY) and provided Q2 guidance of $45 billion (±2%), while booking $4.5 billion in inventory-related losses.