Nvidia's business could take a hit from China's new rules — and the stock falls 6% [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
The stock traded around$113.48 as of 3:20 p.m. New York Time. China's National Development and Reform Commission has asked firms in the country to use energy-efficient chips in new data centers and those that are being expanded, the Financial Times reported, citing documents reviewed by the publication. The H20 chip, which was developed by Nvidia to comply with U.S. export controls, reportedly does not meet the new requirements introduced by the economic planning agency. Nvidia executives are reportedly seeking a meeting with Zheng Shanjie, the chair of the commission, to discuss the rules. It has also reportedly adjusted the chip to meet the energy efficiency rules. People told the Financial Times that companies such as Alibaba ( BABA ) and Tencent ( TCEHY ) have been advised by the commission to not buy the less-powerful Nvidia processors. However, the people said that H20 sales are not currently being impacted, because the rules have yet to be strictly enforced. Meanwhile, Ch
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