Express News | Nvidia Expects $5.5 Billion Charges in Q1 FY2026 Due to H20 Products

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CoreWeave (CRWV.US) has become the first Cloud Computing Service provider to deploy NVIDIA (NVDA.US) new GPUs at scale.

CoreWeave has deployed thousands of NVIDIA GB200 GPUs, becoming the first Global cloud service provider to offer this new type of GPU on a large scale.

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Nvidia stated that the H20 chip is subject to export restrictions by the U.S., and losses are expected to reach 5.5 billion dollars in the first quarter.

According to Bloomberg, Nvidia disclosed in regulatory documents that the US government has notified the company that future exports of the H20 chip, designed to comply with previous export restrictions, to China will require a permit, and this requirement is valid "indefinitely."

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S&P 500 Futures Slide Tuesday as Nvidia Shares Tumble, Traders Await Retail Sales Data: Live Updates

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