Nvidia is bracing for a substantial $5.5 billion charge following new U.S. government export restrictions on its H20 AI chips intended for the Chinese market. The situation has led to widespread declines in global tech stocks, fueled by fears of escalating U.S.-China trade tensions. Stocks including Nvidia and ASML have seen their shares tumble, contributing to a broader slump in major market indices such as the Dow, S&P 500, and Nasdaq. The export licensing requirement, announced after a controversial dinner involving the Trump administration, has raised questions about the future of U.S.-China relations in the tech sector. Analysts are closely monitoring developments, as the impact of these restrictions is expected to affect not only Nvidia but the semiconductor industry as a whole.