Nvidia Just Got Incredible News About China That Could Cause The Stock to Skyrocket

Nvidia's (NASDAQ: NVDA) strong Q1 results were overshadowed by the U.S. government's decision to revoke Nvidia's export license for H20 chips that were specifically designed to meet U.S.-imposed restrictions. This resulted in Nvidia missing out on $2.5 billion in sales during the first quarter. As the company had already brought in $4.6 billion in H20 sales in the quarter before the decision, the loss of the H20 business resulted in a large hole in Nvidia's business going forward.However, Nvidia's fortunes appear to be changing, and they delivered investors exciting news about H20 GPUs returning to the Chinese market.Image source: Nvidia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool