meta_pixel
Tapesearch Logo
Log in
WSJ What’s News

Export Curbs Put $5B of Nvidia Chip Orders in Limbo

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 31 October 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

A.M. Edition for Oct. 31. New U.S. restrictions on AI chip sales to China could compel Nvidia to cancel billions of dollars of orders to Chinese companies. WSJ tech reporter Raffaele Huang explains how that could complicate Chinese AI development. Plus, X offers stock grants valuing itself far below the value of Elon Musk’s takeover. And Israel rules out a ceasefire as its troops push further into Gaza. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Get a better grip on the markets.

0:02.7

WSJ's Take on the Week is here to give you a look ahead to the most important events

0:07.8

on the economic and business calendar and what they mean for your money and investments.

0:13.1

Subscribe wherever you listen to podcasts.

0:30.0

The company is Chinese chip orders in limbo and new research finds more companies living

0:35.6

in the moment.

0:36.6

Investment in future growth is much less attractive now because capital scares.

0:43.2

And so companies and then investors are looking for models that are profitable today.

0:49.5

It's Tuesday, October 31st.

0:51.2

I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News,

0:56.5

the top headlines and business stories moving your world.

0:59.9

Let's begin with big news for AI giant Nvidia.

1:08.8

We're exclusively reporting that the chip maker is sitting on $5 billion worth of orders

1:13.6

from China that it may be forced to cancel due to new U.S. export controls.

1:19.2

And here with the details is journal tech reporter Rafael Huang in Singapore.

1:23.6

Rafael, the U.S. technology curbs that are at issue here were announced just a few days

1:27.3

ago and they're meant to close perceived loopholes in export controls that were rolled out

1:32.1

last year.

1:33.1

However, Nvidia was operating on the assumption they could still rush out some deliveries

1:37.3

before these curbs went into effect.

1:39.4

Is that right?

1:40.4

Yeah.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.