in address following report of extended ban on semiconductor sales to china kress predicts no shortterm problems but wonders about longterm effects of cutting off shipments nvidia corps stock fell back thursday after the chip makers chief financial officer said she sees no nearterm impact to its business should the biden administration widen us export bans on ai tech to china but voiced concern about longterm impacts of a move on a brief call during piper sandlers networks for ai webinar nvidia nvda chief financial officer collette kress said she does not expect an immediate material impact from any extension of us ai chip export bans to china after the wall street journal reported such a move was in the works late tuesday longer term however the nvidia cfo said that if the us escalates the ban it will result in a permanent loss of opportunities globally we are aware of reports that the us department of commerce is considering further controls that may restrict exports of our a800 and h800 products to china kress said given the strength of demand for our products worldwide we do not anticipate that such additional restrictions if adopted would have an immediate material impact on our financial results over the longterm restrictions prohibiting the sale of our datacenter gpus to china if implemented would result in a permanent loss of opportunities for us industry to compete and lead in one of the worlds largest markets and impact on our future business and financial results she added nvidia shares which had been trading around 418 a share before the statement dropped to around 411 in about 15 minutes and were last down to session lows with a 18 decrease the sp 500 index was flat late tuesday shares of nvidia and advanced micro devices inc amd slid after hours following a report the biden administration may widen the export ban amd shares were down 09 in recent activity this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal