On Thursday, President Donald Trump clarified that he did not discuss approving exports of Nvidia’s (NVDA) Blackwell AI chips to China during his recent meeting with President Xi Jinping in South Korea. Speaking to reporters aboard Air Force One, Trump said the topic “didn’t come up,” despite earlier suggestions that he might raise the possibility of allowing a downgraded version of the chip for the Chinese market.
The clarification effectively retracts earlier comments where Trump had hinted there could be support for limited exports of Nvidia’s flagship Blackwell chips. The potential for such exports has been closely watched amid ongoing U.S.–China tensions over technology and trade, particularly given existing export controls that restrict sales of Nvidia’s most advanced AI chips to China.
Nvidia’s shares have seen fluctuations in recent weeks due to uncertainty surrounding its ability to sell advanced technology to China, a significant market for data-center and AI products. Investors remain attentive to any signals from Washington or Beijing that could affect the company’s sales and market position in the region.
#Investor Takeaway
The clarification removes short-term optimism about possible chip exports but adds fresh uncertainty over how the Trump administration might approach future tech-export policies. Market sentiment may remain volatile until there’s clearer guidance on U.S. technology trade with China.
#Market Impact
Nvidia’s stock performance may be influenced by ongoing geopolitical and regulatory dynamics. Export restrictions continue to limit access to the Chinese AI market, which could weigh on Nvidia’s revenue growth and valuation. Investors should monitor U.S. policy statements closely, as they could shape Nvidia’s international sales outlook.
#What’s Next
Investors should watch Nvidia’s upcoming earnings report and any further policy announcements concerning technology exports to China. Any indication of a policy shift—either easing or tightening export rules—could materially affect Nvidia’s market trajectory.