Nvidia (NVDA) shares slumped on a report the semiconductor maker was delaying the launch of a new artificial intelligence (AI) chip for China that would comply with the latest 澳洲幸运5官方开奖结果体彩网:U.S. export restrictions.

Reuters said the H20 chip was the most powerful of three semiconductors the company was set to put out after President Biden signed an executive order in August limiting investments in China for “sensitive technologies critical to national security in three sectors: semiconductors and microelectronics, quantum information technologies, and artificial intelligence.”

It had 💝been believed the Nvidia chips could be launched this month. However, people familiar with the matter indicated the H20 chip would now be launched in the first quarter of 2024 due to💃 issues server makers were having integrating the chip.

The sources told Reuters that one of th✃e other chips, L20, wasn’t facing delays and would be out as scheduled. It’s unclear about the status of the third chip,🌜 named L2.

Shares of Nvidia have been soaring, hitting an all-time high on Monday on booming demand for its AI semiconductors. However, shares dipped when the company explained following the release of its quarterly earnings report that the 澳洲幸运5官方开奖结果体彩网:China expo𝓡rt ru🔯les would negatively impact current quarter results.