Nvidia's China AI chip launch faces delays, causing stock slide

Nvidia's shares fell as the company reportedly delays the launch of an AI chip designed for China to comply with U.S. export restrictions. The new chip, called the H20, is now expected to be launched in the first quarter of next year due to integration issues faced by server manufacturers. This delay could pose a setback for Nvidia, which generates a significant portion of its revenue from China and faces competition from local players like Huawei. The company also warned of a significant decline in sales in regions affected by export restrictions in the current quarter.