- Shares of Nvidia (NASDAQ:NVDA) fell more than 5 per cent Wednesday following a significant quarterly charge related to exporting its H20 graphics processing units (GPUs) to China
- Nvidia disclosed in a filing that the U.S. government now requires a license to send these chips from the U.S. to China, resulting in a $5.5 billion charge for the quarter
- This development comes as Nvidia continues to innovate in the GPU market. Earlier this week, the company unveiled the NVIDIA GeForce RTX 5060 family of GPUs, which includes two new graphics cards designed to deliver neural rendering and NVIDIA Blackwell architecture innovations for gamers
- Nvidia stock (NASDAQ:NVDA) opened trading at US$104.55
Nvidia’s stock sinks over export licensing concerns
Shares of Nvidia (NASDAQ:NVDA) fell 5.6 per cent at Wednesday’s open following the company’s announcement of a significant quarterly charge related to exporting its H20 graphics processing units (GPUs) to China and other nations. Nvidia disclosed in a filing that the U.S. government now requires a license to send these chips from the U.S. to China, resulting in a US$5.5 billion charge for the quarter.
This development comes as Nvidia continues to innovate in the GPU market. Earlier this week, the company unveiled the NVIDIA GeForce RTX 5060 family of GPUs, which includes two new graphics cards designed to deliver neural rendering and NVIDIA Blackwell architecture innovations for gamers, starting at US$299.
Introducing the GeForce RTX 5060 family
The GeForce RTX 5060 Ti and RTX 5060 graphics cards feature NVIDIA DLSS 4, full ray tracing, neural rendering, and NVIDIA Reflex technologies, promising exceptional performance and image quality. DLSS 4 capabilities, such as Multi Frame Generation and Super Resolution, along with NVIDIA Reflex, are now available in over 100 games. Blockbuster titles like Alan Wake 2, Black Myth: Wukong, Cyberpunk 2077, and Hogwarts Legacy showcase stunning ray-traced visuals at over 100 frames per second (fps) on maximum settings.
Boosting creative workflows
The RTX 5060 family is also a powerful tool for creators. Equipped with Blackwell FP4 Tensor Cores and ninth-generation NVIDIA NVENC encoders, these GPUs enhance creative workflows for livestreamers, video editors, 3D artists, and others.
GeForce RTX 5060 laptops
In addition to desktop GPUs, Nvidia has introduced the GeForce RTX 5060 Laptop GPU, bringing enhanced gaming and creative capabilities to laptops. Built with the Blackwell architecture and DLSS 4, the GPU works to ensure gamers and creators can enjoy 144 fps and 8K 4:2:2 color format video editing. GeForce RTX 5060 laptops promise double the frame rates and lower latency compared to previous-generation models, available in a variety of designs and sizes as thin as 14.9 millimeters.
Availability
GeForce RTX 5060 Ti graphics cards, equipped with 16GB or 8GB graphics memory, will be available starting April 16 at US$429 and US$379, respectively. GeForce RTX 5060 graphics cards will be available starting in May at US$299. Stock-clocked and factory-overclocked models will be available from top add-in card providers such as ASUS, Colorful, Gainward, GALAX, GIGABYTE, INNO3D, KFA2, MSI, Palit, PNY, and ZOTAC, and in desktops from system builders including Falcon Northwest, Infiniarc, MAINGEAR, Mifcom, ORIGIN PC, PC Specialist, and Scan Computers. Laptops equipped with GeForce RTX 5060 laptop GPUs will be available from every major manufacturer beginning in May, starting at US$1,099.
Nintendo Switch 2: Powered by Nvidia
In related news, the upcoming Nintendo Switch 2 will be powered by a custom Nvidia processor featuring an Nvidia GPU with dedicated RT Cores and Tensor Cores for stunning visuals and AI-driven enhancements. With 1,000 engineer-years of effort across every element—from system and chip design to a custom GPU, application programming interfaces (APIs), and world-class development tools—the Nintendo Switch 2 brings major upgrades.
The new console enables up to 4K gaming in TV mode and up to 120 frames per second at 1080p in handheld mode. It also supports high dynamic range and AI upscaling to sharpen visuals and smooth gameplay.
AI and ray tracing for next-level visuals
The new RT Cores bring real-time ray tracing, delivering lifelike lighting, reflections, and shadows for more immersive worlds. Tensor Cores power AI-driven features like Deep Learning Super Sampling (DLSS), boosting resolution for sharper details without sacrificing image quality. Tensor Cores also enable AI-powered face tracking and background removal in video chat use cases, enhancing social gaming and streaming.
With millions of players worldwide, the Nintendo Switch has become a gaming powerhouse and home to Nintendo’s storied franchises. Its hybrid design redefined console gaming, bridging TV and handheld play.
More power, smoother gameplay
With 10x the graphics performance of the Nintendo Switch, the Nintendo Switch 2 delivers smoother gameplay and sharper visuals. Tensor Cores boost AI-powered graphics while keeping power consumption efficient. RT Cores enhance in-game realism with dynamic lighting and natural reflections. Variable refresh rate via NVIDIA G-SYNC in handheld mode ensures ultra-smooth, tear-free gameplay.
About Nvidia Corp.
Nvidia Corp. accelerates computing to help solve computational problems. The company has two segments. The computer and networking segment includes its data centre accelerated computing platform, networking, automotive AI cockpit, autonomous driving development agreements and autonomous vehicle solutions, as well as electric vehicle computing platforms, Jetson for robotics and other embedded platforms, along with Nvidia AI Enterprise and other software and cryptocurrency mining processors. The graphics segment includes GeForce GPUs for gaming and personal computers.
Nvidia stock (NASDAQ:NVDA) opened Wednesday trading at US$104.55 and has risen 25.26 per cent since this time last year but has lost 21.62 per cent since the year began.
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(Top photo: Nvidia Corp.)
