US China Export Controls Significantly Impact AMD Datacenter GPU Revenue

Summary

US Department of Commerce export controls on GPU compute engines announced in April 2025 have significantly impacted AMD's datacenter GPU business. The article details the financial ramifications for both AMD and Nvidia, with Nvidia taking a $5.5 billion writedown on H20 and H800 inventory and potentially losing around $10.3 billion in GPU revenue to China in its fiscal 2026. Despite these losses, Nvidia's net income rose 5.8x to $709 million, supported by product mix and profits from both datac