“The #1 Tech Opportunity of the Decade”

On February 8th, Luke Lango is making his biggest call of 2023. He’s recommending technology (that you’ve likely never heard of) that could help 122 million people… And mint up to $3 trillion in wealth.

Wed, February 8 at 8:00PM ET
 
 
 
 

NVDA Stock Pops on New Chip That Complies With U.S. Export Rules

  • Nvidia (NVDA) stock is rising on new chip news.
  • The company has created a chip to sell to China while complying with U.S. regulations.
  • The new chip is called the A800, a downgraded version of the A100.
Nvidia (NVDA Stock) logo and sign on headquarters. Blurred foreground with green trees

Source: Michael Vi / Shutterstock.com

Nvidia (NASDAQ:NVDA) stock is climbing higher on Tuesday after the company revealed a new chip that it can export to China.

Recent regulations from the U.S. government keep Nvidia from exporting its most advanced chips to the country. To get around this, the company has now developed a new advanced chip for export that complies with trade rules.

This new chip is called the A800 and Chinese computer companies are already starting to advertise the chip. The A800 takes the place of the A100, which was added to the export ban list back in August. Nvidia started producing the new A800 graphics processing unit (GPU) in the third quarter of 2022.

Specs of the A800

Nvidia is working hard to make sure it doesn’t run afoul of trade rules with this new chip. The A800 is sporting a chip-to-chip data transfer rate of 400 gigabytes per second. That’s a significant downgrade from the 600 gigabytes per second that the A100 offers.

The latest chip from Nvidia could go a long way toward decreasing losses from the new trade rules. The company was expecting to see a $400 million drop in chip sales to China in Q3. Investors in NVDA stock will see if that’s true when it releases earnings later this month, Reuters notes.

NVDA stock is up 2.6% as of Tuesday morning and down 51.3% since the start of the year.

Investors seeking out more recent stock market news will want to keep reading!

InvestorPlace is home to all of the hottest stock market news traders need to know about on Tuesday! That includes the biggest pre-market stock movers for Tuesday morning, a market crash warning and more. You can get up to speed on all of that news at the following links!

More Tuesday Stock Market News

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2022/11/nvda-stock-pops-on-new-chip-that-complies-with-u-s-export-rules/.

©2023 InvestorPlace Media, LLC