Bottleneck file
Export controls
Policy can strand product-specific inventory and purchase obligations before the manufacturing commitment has run off.
Control questions
What the diligence has to answer
- Which charge is annual versus product-specific?
- What inventory is regulation-sensitive?
- Can commitments be cancelled?
- Where does downside risk land?
Governed evidence
Current claim set
NVIDIA recorded a $4.5 billion fiscal 2026 charge associated with excess H20 inventory and purchase obligations after export restrictions.
Caveat. Do not repeat the earlier $5.5B estimate as the actual charge.
Open source
AMD recorded a $440 million net inventory and related charge associated with MI308 export restrictions.
Caveat. Use company filing.