Nvidia Stock Rallies as Trump Plans to Discuss AI Chips with Xi Jinping
Nvidia shares surged in overnight trading following remarks by former U.S. President Donald TRUMP that he intends to raise the topic of the company's Blackwell AI processors during discussions with Chinese President Xi Jinping at the APEC summit. Trump confirmed aboard Air Force One that Nvidia's advanced chips, which are currently restricted for export to China, would be part of his dialogue with Xi.
The Blackwell architecture represents Nvidia's cutting-edge AI GPUs, powering next-generation data centers. While Washington has maintained strict controls over high-end chip exports to China, recent adjustments have permitted limited sales of downgraded models like the H20 chip. Trump's comments suggest potential easing of these restrictions, signaling a shift in the geopolitical landscape surrounding semiconductor trade.
