Two Chinese men are in custody for allegedly smuggling Nvidia H100 and H200 chips to China, the U.S. Justice Department said on Monday, as President Donald Trump gave the green light for Nvidia to export its H200 chips to Beijing.
Trump partially reverses Biden-era restrictions, allowing NVIDIA to export H200 AI chips to China under national security conditions in major policy shift.
Allowing the shipments could signal a friendlier approach to China, after Trump and Xi brokered a truce in the two countries' trade and tech war in late October.
Nvidia previously pegged lost China revenue at $8 billion a quarter, and that was for a scaled-down chip.
President Donald Trump announced his approval for Nvidia to sell H200 chips to China. Trump said the US would get a cut of the sales.
CNBC's Eamon Javers joins 'Closing Bell Overtime' to talk the latest from the White House on selling chips to China.
Trump greenlights Nvidia H200 AI chip sales to China, says Xi responded positively
NVDA's diversified AI strength contrasts with PLTR's rapid AIP-fueled surge and higher-risk profile, setting up a pivotal choice for 2026 investors.
The chipmaker's chief executive, Jensen Huang, met with President Trump last week to discuss exporting the powerful chips.
TSMC continues to benefit from rising AI spending. Revenue and margins are at record highs while competition is nowhere in sight. As more companies enter the AI accelerator market and Nvidia's monopoly slips, TSMC stands to capture even more value.
Oracle's earnings are the must-watch even for tech investors.
The U.S. Commerce Department will soon allow Nvidia Corp's H200 chip to be exported to China, Semafor news outlet reported on Monday, citing a person with knowledge of the plan.