Nvidia's China Ban: How Big a Hit Is It?

By Neil Rozenbaum – Sep 5, 2022 at 10:30AM

NASDAQ: NVDA

Nvidia

Market Cap

$1,988B

Today's Change

(3.65%) $29.05

Current Price

$824.23

Price as of April 23, 2024, 4:00 p.m. ET

Investors should be patient with Nvidia instead of jumping in to buy.

In this video, I will be talking about the recent China ban imposed on Nvidia (NVDA 3.65%) by the U.S. government and how bad it actually is. Nvidia could lose as much as $400 million in sales to China due to new export requirements on its data center chips. And that's on top of the $500 million hit it announced in Q2 because of Chinese lockdowns and the termination of selling to Russia.

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*Stock prices used were the closing prices of Sept/ 2, 2022. The video was published on Sept. 4, 2022.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.