Colette Kress, Nvidia’s chief financial officer, underestimated the immediate financial impact of these restrictions during a recent conference call. Nvidia’s shares initially rose on his comments, but later fell by about 1.8%. Kress said that although China accounts for 20% to 25% of the company’s data center revenue, they do not expect an immediate, significant impact on their profitability if further restrictions are imposed.
However, he expressed concern about long-term growth prospects and the continued loss of opportunities for American industry in one of the world’s largest markets.
Most likely, if these restrictions “hit” the townspeople, then not so much, because the sanctions will concern a rather narrow range of goods that are (so far) more often used in the military industry.
Source: Ferra
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