Nvidia’s ambitious H20 chip sees no buyer in China for second quarter: Why does it matter? Explained

Shares of Nvidia extended losses during early trade on Thursday as investors were underwhelmed as the Jensen Huang-led tech giant recorded no China sales revenue for H20 chips despite beating Wall Street expectations.

Nvidia reported its Q2 results on Wednesday but included no H20 chip revenue to China. This comes at a time when the AI chipmaker has been navigating trade restrictions on H20 shipments to China since April.