China, Trump and NVIDIA
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Trump to announce investment in AI, energy, threatens 100% tariffs on Russia, food brands could be ripe for deals, and more news to start your day.
Nevertheless, export restrictions imposed by the U.S. government have cost the company billions of dollars in sales. Fortunately, Nvidia shareholders recently got great news from the Trump administration: Applications to resume selling its H20 GPUs in China will be approved by the Commerce Department. Here's what investors should know.
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Cryptopolitan on MSNNvidia’s CEO slows pace on push to lift H20 chips export restrictionsN vidia CEO Jensen Huang has soft-pedaled his role in getting the White House to allow the sale of its advanced H20 computer chip in China. Huang believes it’s up to both governments to remove export restrictions on chips because he has done his part to influence, inform, and offer facts.
CNBC’s Deirdre Bosa joins 'Money Movers' to discuss Nvidia's win over China users and CEO Jensen Huang's Trump playbook.
The tech giants said they can resume selling high-end semiconductors to China, in what appears to be a major about-face for the Trump administration.
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Donald Trump’s decision to let Nvidia sell powerful artificial intelligence (AI) microchips to China has sparked fears that the technology could be used to boost Beijing’s military. Charles Parton, from the think tank Rusi, said there would “inevitably” be sales of semiconductors “which have the possibility of military use”.
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President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Delta’s good news, Nvidia scores the first $4 trillion market cap milestone,