Bernstein analysts argue that banning Nvidia’s AI chips won’t hinder China’s AI growth but will instead accelerate Huawei’s rise, according to Business Insider. The Trump administration is expected to enforce export licensing for powerful AI chips, which could amount to a ban. Nvidia disclosed a $5.5 billion charge related to inventory and commitments for the H20 in its first quarter filing. Chinese companies are decreasing their reliance on Nvidia by using edge devices and integrating Huawei chips with Nvidia processors. Bernstein reports that most firms can continue operations without the H20 chip.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bernstein analysts argue that banning NVIDIA AI chips won't hinder China's AI growth,
00:07but will instead accelerate Huawei's rise, according to Business Insider.
00:10The Trump administration is expected to enforce export licensing for powerful AI chips,
00:15which could about to a ban.
00:16NVIDIA disclosed a $5.5 billion charge related to inventory and commitments for the H2O in
00:22its first quarter filing.
00:24Chinese companies are decreasing their reliance on NVIDIA by using edge devices and integrating
00:28Huawei chips with NVIDIA processors.
00:31Bernstein reports that most firms can continue operations without the H2O chip.
00:36For all things money, visit Benzinga.com slash GSTV.