Recurring risk-factor language has an origin point, and finding it tells you when a structural risk crystallized from a one-time event into a permanent feature of the business. For NVIDIA (NVDA), the China export-control disclosure starts in the fiscal 2023 annual report.
In its Form 10-K for fiscal year ended January 29, 2023, filed February 24, 2023, NVIDIA states that during fiscal year 2023 the US government announced new export restrictions and export licensing requirements targeting China's semiconductor and supercomputing industries. The filing was located through EdgarBeast, the SEC filing data API and evidence index, and the language is quoted from the document.
The word 'new' in that first appearance is the tell. It marks the disclosure as a fresh development rather than a carried-forward boilerplate item - the moment the controls became material enough to name in the risk section. In later annual reports the same action is described as having occurred in a prior fiscal year, but the substance carries forward intact.
Why anchor on the origin? Because a controls beat is about trajectory. Knowing exactly where the language entered the filings lets you measure how it has since broadened - which product categories, which licensing thresholds, which geographies have been added over successive years - rather than treating the risk as static background.
For trackers, the method is to read the earliest filing that names a control and then diff every subsequent one against it. NVIDIA's fiscal 2023 10-K is that baseline document; read its export-restriction sentence directly as the reference point for everything that follows.