NVIDIA says it can resume selling key AI chips to China
"NVIDIA is filing applications to sell the H20 GPU again. The US government has assured NVIDIA that licenses will be granted and NVIDIA hopes to start deliveries soon," the article states. The company also announced the NVIDIA RTX Pro GPU that's "fully compliant" for the Chinese market, designed for smart factories and logistics.
The US government starting blocking sales of NVIDIA's most powerful AI graphics processors, like the A100 and H200, to China back in 2022. The company subsequently developed the A800 and H800 chips for the Chinese market, but those were subsequently banned as well by the Biden administration back in 2023. NVIDIA then came up with the HGX H20 and two other chips that conformed to export rules.
Sales of that chip were blocked too in April, but the US department of commerce has apparently reversed course again. That could be a tremendous help for NVIDIA financially as it's currently holding $8 billion in unshipped orders and expects up to $5 billion in additional revenue for 2025, Bloomberg reported.
Yesterday, NVIDIA CEO Jensen Huang dismissed concerns that China's military would use the company's chips to develop AI. "They don't need NVIDIA's chips, certainly, or American tech stacks in order to build their military," he said, adding that it would be foolish of them to do so because "they simply can't rely on it." Huang has previously said that NVIDIA export bans didn't stop China from developing AI and allowed its competitors, especially Huawei, to gain ground on US technology. If you buy something through a link in this article, we may earn commission.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Microsoft valuation surges above $4 trillion as AI lifts stocks
Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout. The landmark valuation is the latest sign of growing bullishness about an AI investment boom that market watchers believe is still in the early stages -- even as companies like Microsoft plan $100 billion or more in annual capital spending to add new capacity. Microsoft reported profit of $27.2 billion on revenue of $76.4 billion in its fiscal fourth quarter, capping another year of growth amid massive customer interest in the company's cutting-edge AI capacity. Shortly after midday, Microsoft shares were up 4.3 percent, giving it a market capitalization slightly under $4 trillion after earlier eclipsing the benchmark. "Cloud and AI is the driving force of business transformation across every industry and sector," said Microsoft CEO Satya Nadella. "We're innovating across the tech stack to help customers adapt and grow in this new era." The results drew plaudits from Wall Street analysts on an earnings conference call at which Nadella boasted that the company had opened new data centers across six continents in the last year and touted major contracts for global companies like Nestle and Barclays. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry. Microsoft has had a strategic partnership with ChatGPT maker OpenAI since 2019, holding rights to its intellectual property. At the heart of the results was a stunning 39 percent surge in Azure, the company's legacy cloud computing platform, which is getting "supercharged" with AI, said Angelo Zino, technology analyst at CFRA Research. Zino attributed "just about all of" Microsoft's recent surge in valuation to AI. - Legacy businesses - While Nvidia is part of a wave of tech companies that have risen to prominence with the AI boom of the last few years, Microsoft has long been among America's corporate elite, joining the prestigious Dow index in 1999, more than a decade after introducing the once-revolutionary Windows program. The company's revenue base includes such workplace mainstays as the Outlook email platform and the LinkedIn career website. Microsoft also has a significant gaming division with the Xbox console. All of these businesses are set to benefit from Microsoft's AI advantages. "We view (Microsoft) as kind of the enterprise king," said Zino. "What AI does is it provides new growth opportunities for this company." For all of fiscal 2025, Microsoft reported revenues of $281.7 billion, up 15 percent from the prior year. Microsoft's revenues have more than doubled from 2018, when they were $110.4 billion. Zino thinks Microsoft is poised for a comparable run over the next six or seven years when it could see annual revenue growth of 10 percent as greater use of AI creates even more opportunity. The biggest risk to this outlook -- and to the AI boom generally -- would be "if we get to the point where supply for AI exceeds demand," Zino said. "That could put pressure on pricing for cloud computing and space." jmb/jgc
Engadget
20 minutes ago
- Engadget
NVIDIA is ending support for its GTX 10-, 9- and 7-series GPUs
NVIDIA is calling time on its Maxwell, Pascal and Volta GPUs, with one last significant driver release scheduled for October. This means that all graphics cards belonging to the GeForce GTX 7-, 9- and 10-series categories will only receive quarterly security updates beyond the October cutoff, with support ending entirely three years later in 2028. While they'll still work after that, they won't be optimized for new games and are more vulnerable to technical exploits. NVIDIA described its 11-year support for the aging hardware "well beyond industry norms." If you've been rocking a GTX card for the best part of a decade and don't want to get left behind, now might be a good time to look into upgrading your GPU. The other notable bit of news from NVIDIA is that its Game Ready Driver (GRD) support for Windows 10 on all RTX GPUs will run until October 2026. This is a year after Microsoft itself officially sunsets the operating system in a bid to move the last of the reluctant upgraders onto Windows 11 . Games will at least remain optimised for another year, provided you're willing to risk continuing with an OS that is no longer receiving crucial security updates. NVIDIA's latest GRD update was released today, and includes optimizations for Clair Obscur: Expedition 33 and the upcoming Mafia: The Old Country , as well as adding support for 62 new G-Sync compatible displays. If you buy something through a link in this article, we may earn commission.
New York Post
20 minutes ago
- New York Post
Microsoft joins $4T market-cap club after blowout earnings
Microsoft soared past $4 trillion in market valuation on Thursday, becoming the second publicly traded company after Nvidia to surpass the milestone following a blockbuster earnings report. The technology behemoth forecast a record $30 billion in capital spending for the first quarter of the current fiscal year to meet soaring AI demand and reported booming sales in its Azure cloud computing business on Wednesday. Shares of Microsoft were up 4.5% at $536.47. Advertisement Microsoft forecast a record $30 billion in capital spending for the first quarter of the current fiscal year to meet soaring AI demand and reported booming sales in its Azure cloud computing business. CEO Satya Nadella, above AP 'It is in the process of becoming more of a cloud infrastructure business and a leader in enterprise AI, doing so very profitably and cash generatively despite the heavy AI capital expenditures,' said Gerrit Smit, lead portfolio manager, Stonehage Fleming Global Best Ideas Equity Fund. Redmond, Wash.,-headquartered Microsoft first cracked the $1-trillion mark in April 2019. Advertisement Its move to $3 trillion was more measured than technology giants Nvidia and Apple, with AI-bellwether Nvidia tripling its value in just about a year and clinching the $4-trillion milestone before any other company on July 9. Apple was last valued at $3.11 trillion. Lately, breakthroughs in trade talks between the United States and its trading partners ahead of President Trump's Friday tariff deadline have buoyed stocks, propelling the S&P 500 and the Nasdaq to record highs. Advertisement Microsoft's multibillion-dollar bet on OpenAI is proving to be a game changer, powering its Office Suite and Azure offerings with cutting-edge AI and fueling the stock to more than double its value since ChatGPT's late-2022 debut. Its capital expenditure forecast, its largest ever for a single quarter, has put it on track to potentially outspend its rivals over the next year. Meta Platforms also doubled down on its AI ambitions, forecasting third-quarter revenue that blew past Wall Street estimates as artificial intelligence supercharged its core advertising business. The social media giant upped the lower end of its annual capital spending by $2 billion — just days after Alphabet made a similar move — signaling that Silicon Valley's race to dominate the artificial-intelligence frontier is only accelerating. Advertisement Wall Street's surging confidence in the company comes on the heels of back-to-back record revenues for the tech giant since September 2022. The stock's rally had also received an extra boost as the tech giant trimmed its workforce and doubled down on AI investments — determined to cement its lead as businesses race to harness the technology. While sweeping US tariffs had investors bracing for tighter business spending, Microsoft's strong earnings have shown that the company's books are yet to take a hit from the levies.
