According to @KobeissiLetter, Nvidia NVDA reported zero H20 chip sales to China-based customers in Q2 FY2025, signaling a halt in China-related H20 shipments last quarter, source: @KobeissiLetter. The source highlighted tariffs and export restrictions as key drivers of the stoppage, source: @KobeissiLetter. Equity and crypto traders can monitor NVDA price action, guidance on China exposure, and AI hardware supply headlines for potential sentiment shifts following this report, source: @KobeissiLetter.

According to The Kobeissi Letter, Nvidia is facing a $5.5 billion write-down in Q1 due to sudden export restrictions imposed on its H20 chip by President Trump. Previously, a promise was made to expedite permits for Nvidia, highlighting the volatility and unpredictability in trade policies affecting the semiconductor industry. This situation underscores the trading risks associated with geopolitical factors, making it crucial for traders to monitor such developments closely.