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US-China chip war: Nvidia hit as China cut off from more advanced chips

October 18, 2023
in Business
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US-China chip war: Nvidia hit as China cut off from more advanced chips
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Although the curbs also affect other chip makers, analysts believe Nvidia will be hit the hardest because China accounts for up to 25% of its revenues from data centre chip sales. Nvidia’s shares, which are considered a star stock, fell by as much as 4.7% in the wake of the announcement.

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