"China is in a brutal battle with the United States to gain the upper hand in artificial intelligence (AI) development. Nvidia Corp. ( NASDAQ: NVDA) has the world's most advanced chips. Its CEO, Jensen Huang, sees a massive market in China, but the odds of selling the company's most advanced products there have swung back and forth. The swing is mostly a trade issue."
"President Trump recently said China cannot have Nvidia's top-shelf Blackwell chips. The Chinese can, however, have less powerful Nvidia products. Trump said on "60 Minutes" that the best of the best chips were for American companies so they could keep a strategic advantage. If America wants to be the AI leader worldwide, China cannot have its most important weapon. In July, U.S. Commerce Secretary Howard Lutnick went as far as to taunt the Chinese."
The U.S. and China are locked in fierce competition for AI leadership, with Nvidia's advanced chips central to the contest. U.S. political statements and export controls have limited China's access to top-tier Blackwell chips while allowing less powerful models. Chinese officials and companies reacted by promising to build better domestic chips and by rejecting certain foreign products. Nvidia's potential China revenue has swung dramatically, from forecasts as high as $50 billion to effectively zeroed-out projections. High-level meetings and shifting trade stances continue to create uncertainty for Nvidia's China strategy and for broader AI technology flows.
Read at 24/7 Wall St.
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