Nvidia Delays Launch of New AI Chip in China

The delay, due to integration issues, leads to a drop in Nvidia shares and could impact the company's market share in China.

Nvidia has delayed the launch of its new AI chip, the H20, in China until the first quarter of 2024 due to issues server manufacturers were having integrating the chip.
The H20 chip is the most powerful of three new chips designed for use in China to comply with new U.S. export rules.
The delay in the launch of the H20 chip has led to a drop in Nvidia shares.
Despite the delay of the H20 chip, the L20 chip is reportedly on track for its planned launch, while the status of the third chip, the L2, remains unclear.
The delay could impact Nvidia's market share in China, providing an opportunity for local competitors like Huawei.