NVDA’s average price prediction of $215.18 implies 42.6% upside potential. The latest development can hammer the Data Center segment revenue in the future.
It has been witnessing plunging Gaming revenues, which were partially getting offset by strong Data Center performance in the second quarter of Fiscal Year 2023. The largest chip maker by market value in the United States has already been treading through tough times. The company’s management stated that the new export rule will hurt its ability to develop H100 in time and may have to move some of its operations out of China. government will dent its sales to China by about $400 million in the third quarter of Fiscal Year 2023. government intends to keep a check on the national security risk with the new licensing requirement that may arise from the covered products being utilized in or diverted to ‘military end use’ or ‘military end user’ in China and Russia.Īlthough Nvidia doesn’t sell products in Russia, it estimates that the new requirements by the U.S. government has imposed new licensing requirements on the future export of its most advanced A100 and upcoming H100 integrated circuits to China (including Hong Kong), and Russia, effective immediately.Īccording to the filing, the U.S. In an SEC filing, the chip maker recently informed its stakeholders that the U.S. The growing rivalry between the world’s two largest economies might put about $400 million of Nvidia Corporation’s ( NASDAQ:NVDA) third-quarter sales at stake.
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