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Nvidia positioned for another blockbuster revenue forecast.
U.S. curbs on high-end chip sales to China raise concerns.
China accounts for more than one-fifth of Nvidia's revenue.
Stock declined after reports of potential impact on Chinese orders.
Nvidia's meteoric rally earlier this year has been tempered as concerns mount over the impact of widening U.S. curbs on sales of its high-end chips to China. China, being the company's third-largest market, has raised worries about the potential impact on Nvidia's revenue. Investors are closely watching for clarity on the situation amidst the backdrop of the company's strong performance.
The Biden administration's ban on China sales of the H800 and A800 chips has raised questions about the impact on Nvidia's business. Despite Nvidia's reassurances, concerns about the potential impact on Chinese orders have led to a decline in the stock. The company's performance and the evolving situation in China will be key factors driving investor sentiment and market performance.
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