Nvidia's H20 was the most advanced AI chip the company could still export to China. Now, it faces restrictions.

Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China,

This may be a “concession” from the Silicon Valley firm to get the White House to loosen further AI regulations, one analyst speculated.