$NVDA - US GOVERNMENT TURMOIL STALLS THOUSANDS OF EXPORT APPROVALS
Thousands of U.S. export license applications, including for China, are stalled due to dysfunction at the Commerce Department’s export bureau, sources say. The agency has delayed new rules, cut communication with industry, and lost key staff.
High-profile delays include Nvidia’s AI chip shipments to China, with no licenses issued yet despite assurances—putting billions in orders at risk. One official says the backlog is the worst in over 30 years. Nvidia and the Commerce Department declined to comment.
Kalshi's latest odds for the Fed's September decision post-NFP:
🔸 Cut 25bps: 78%
🔸 Maintain rate: 21%
🔸 Cut >25bps: 5%
https://t.co/MTBwgpMK1m
$NVDA - CHINA'S CYBERSPACE WATCHDOG SUMMONS NVIDIA OVER H20 CHIP SECURITY RISKS
China's cyberspace regulator on Thursday summoned U.S. tech giant Nvidia over security risks concerning its H20 AI chip sold to China.
The company was asked to give explanations and submit relevant proof materials on this issue. This is aimed at safeguarding cyberspace and data security for Chinese users per laws on network and data security and personal information protection, according to the Cyberspace Administration of China (CAC).
