NVIDIA Corp (NVDA)

[DavidPro__1]

The U.S. government introduced new restrictions on chip exports today. The move is intended to keep China's military from using advanced computing technology produced by U.S. companies. Nvidia stands to lose $400 million in quarterly revenue. But that's just a small piece of Nvidia's problems right now.
The PC market has rapidly deteriorated in recent months. While Nvidia's advanced chips that are sold to data centers have held up well this year, the gaming segment is most susceptible to weakness in the near term. Sales of gaming chips made up a third of Nvidia's business last quarter and fell 33% year over year.
However, weakening demand in the consumer market might be carrying over to the data center segment. Nvidia's sales to hyperscale customers grew only 1% last quarter over the previous quarter. That's a significant slowdown from the fiscal-first-quarter's sequential growth of 15%.