Nvidia Hit With $5.5 Billion Charge | Harley-Davidson Investor Wants CEO To Resign | Tech

Nvidia is taking a $5.5 billion hit after the U.S. government blocked sales of its advanced H20 AI chips to China. The chips...popular with Chinese tech giants like Tencent and ByteDance...have been flagged by U.S. officials for their high-speed memory connectivity, which could be used to build supercomputers. The Biden administration had previously limited such exports, and now those rules are being enforced indefinitely. Nvidia, a key player in the global AI race, had designed the H20 to comply with earlier restrictions, but that wasn't enough. In another development, Harley-Davidson is under intense pressure from its second-largest investor, H Partners, which wants immediate leadership changes. The firm has launched a boardroom battle, pushing for the removal of CEO Jochen Zeitz and two other longtime directors. Zeitz, expected to retire this year, has led Harley since 2020. Watch The World Report for the latest updates.