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00:02NVIDIA was blocked from selling AI chips in China on Wednesday, according to TechCrunch.
00:06Beijing's cyberspace administration ordered tech firms such as ByteDance and Alibaba
00:10to stop testing and ordering the RTX Pro 6000D.
00:14The ban replaces earlier discouragement with an outright prohibition
00:16as China pushes domestic chip alternatives from Huawei and others.
00:20China's ban on NVIDIA chips is a major setback for its tech sector,
00:24as NVIDIA remains the global leader with the most advanced AI chips, despite local alternatives.
00:28NVIDIA CEO Jensen Wang said the company is disappointed by China's ban
00:32or remain patient and supportive of Chinese authorities and firms.
00:35Wu files months of shifting U.S. policy under the Trump administration,
00:39which initially imposed licensing restrictions on NVIDIA sales in China,
00:42played a reverse course.
00:43NVIDIA has already excluded China from its forward guidance,
00:46warning of an $8 billion revenue hit.
00:48For all things money, visit Benzinga.com.
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