Nvidia stock sinks as outlook excludes China H20 chip sales

US chip giant expects to ship $2bn-$5bn of H20s in Q3 if geopolitical issues subside

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People stand near Nvidia's booth during the China International Supply Chain Expo in Beijing on July 16. © Reuters

YIFAN YU

PALO ALTO, California -- AI chip giant Nvidia reported another quarter of over 50% year-on-year revenue growth on Wednesday, though investors' hopes of a quick recovery in the Chinese market were dampened as the company excluded sales of H20 chips to China from the third-quarter outlook.

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