(Boursier.com) — Nvidia started its day very strongly, increasing by almost 4% towards $510, the highest in its stock market history. The file capitalizes 1.260 billion dollars on Wall Street! The colossus of graphics and artificial intelligence chips, the big stock market star of the year 2023 with a price more than tripling, plans to launch in the second quarter of 2024 the mass production of its new AI chip intended for China and complying with US rules on exports of advanced chips. At least that’s what Reuters says. Citing two people familiar with the matter, the agency specifies that the H20 chip will be designed to comply with new US regulations on exports of high-tech equipment to China. The initial shipment volume will be limited and will mainly fulfill orders from major customers, Reuters said.
In addition to the H20 chip, Nvidia plans two other chips that comply with the new restrictions, the L20 and the L2. The Santa Clara group also launched a modified version of an advanced gaming chip designed for China at the end of December. The group therefore remains very agile to adapt to the strengthening of American export restrictions, which prevented it from shipping its advanced A800 and H800 AI chips.
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