China, NVIDIA
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Nvidia wasn't the only one impacted. AMD, Nvidia's closest competition for graphic processors used to train and operate AI chatbots and agents, was forced to stop selling its Instinct MI308 AI chip in China, costing it $800 million in Q2.
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Trump tariffs live updates: China turns away from Nvidia AI chip after 'insulting' Lutnick remarks
China-specific AI chip after US Commerce Secretary Howard Lutnick made comments officials found "insulting." Chinese regulators are now trying to discourage domestic tech firms from buying the H20 processor,
Trump said Monday that he has cut a deal with chipmaker Nvidia, allowing it to sell certain artificial intelligence chips to China in exchange for a cut of the revenue, which would go to the U.S. government. Trump said he also negotiated a similar deal with chipmaker Advanced Micro Devices (AMD).
Why Nvidia’s and AMD’s China deal with Trump could backfire. The companies making the most money from the AI boom are the ones selling the processors, such as Nvidia and AMD.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Beijing’s move to restrict sales of Nvidia’s China-specific artificial intelligence processor was prompted by remarks from US commerce secretary Howard Lutnick ...
The arrangement crafted by the Trump administration is “unusual,” analysts told CNBC, but underscores the president's transactional nature.
Nvidia struck a surprising deal after convincing the president that H20 chips aren’t a national security risk. But whether the reversal is good or bad depends on who you ask.
Nvidia ( NVDA -0.16%) is the world's largest company, which may give some investors pause before investing in it. A common mindset is: "If it's already the biggest company in the world, can it get any bigger?" From my analysis, yes, it can get much bigger, and it will continue to be a winning investment from here.
The Chinese impact on Nvidia is significant. KeyBanc raised its Q2 revenue estimate to $47.1 billion from $45.1 billion, above Wall Street’s consensus of $45.7 billion. It raised earnings per share to $1.05 from $0.99, slightly above consensus of $1.00.
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