Nvidia faces a significant revenue threat due to the latest U.S. export restrictions on artificial intelligence chips, designed to limit the global distribution of these coveted processors, analysts and investors said on Monday.

The Biden administration’s latest bid to curb China’s access to the most advanced AI models and AI chips could have a major impact on the AI boom and its enablers, most prominently chip giant Nvidia.

Nvidia faces a significant revenue threat due to the latest US export restrictions on artificial intelligence chips, designed to limit the global distribution of these coveted processors. The regulations, among the strongest yet from the Biden administration, limit AI chip exports to most countries except for a select group of close US allies.