<ul><li>The U.S. government notified Nvidia that it would need a special license to ship its H20 graphics processing chip to China, leading Nvidia to file a significant $5.5 billion charge to its quarterly financial results.</li><li>Nvidia's Q1 results will include costs related to H20 product inventory, purchase commitments, and related reserves.</li><li>The U.S. crackdown on chips and related hardware exported to China poses a challenge for AI suppliers, as they rely on Chinese customers such as Alibaba, ByteDance, and Tencent.</li><li>Investors should expect the next leg down on chip companies, including Intel, Qualcomm, Broadcom, Micron Technology, and Texas Instruments.</li></ul>

AI Chip Selloff Alert: Crackdown on Nvidia

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