Nvidia orders data center clients to reduce China exposure: FT

What happened: Nvidia is ordering its data center partners to scale back work with Chinese customers, per the Financial Times. Cloud clients must now sell at least 51 percent of their services to non-Chinese companies. Key numbers: 51 percent minimum share of services to non-Chinese companies; rules apply only Why it matters: Nvidia said datacenters and clouds built on American chips are the foundation American model and application makers need to compete worldwide. China's foreign ministry said it was not aware of the report and called for a fair, non-discriminatory business environment. Market: -1.3% today ($202.06), +7.1% YTD, 1.0x vol — as of 09:30 UTC Coverage: 4 outlets in 24h

Nvidia is ordering its data center partners to scale back work with Chinese customers, per the Financial Times. Cloud clients must now sell at least 51 percent of their services to non-Chinese companies.

Nvidia said datacenters and clouds built on American chips are the foundation American model and application makers need to compete worldwide. China's foreign ministry said it was not aware of the report and called for a fair, non-discriminatory business environment. Market: -1.3% today ($202.06), +7.1% YTD, 1.0x vol — as of 09:30 UTC