Reuters

U.S. officials order Nvidia to halt sales of top AI chips to China

(Reuters) -Chip designer Nvidia Corp on Wednesday said that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms’ ability to carry out advanced work like image recognition and hamper a business Nvidia expects to generate $400 million in sales this quarter.

Nvidia stock falls after U.S. moves to restrict its data-center sales in China comes via ChinaTechNews.com.