China, Trump and NVIDIA
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Days after a White House meeting with President Donald Trump, Jensen Huang was being hailed by an audience on a stage in Beijing.
Nvidia CEO Jensen Huang said the Trump administration is letting it sell its advanced H20 computer chips to China — a reversal in policy.
Nvidia founder and CEO Jensen Huang has been active on the government relations and lobbying front, and now he’s got something big to show for his efforts: the Trump Administration has agreed to lift a ban on selling Nvidia H20 AI chips to China.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Jim Cramer believes that Nvidia Corp. (NASDAQ:NVDA) is poised to get a significant boost with the U.S. government assuring licenses for the sale of its H20 chips or general processing units to China,
Jensen Huang extolled China’s technological advances and said President Trump wouldn’t mind his meetings in Beijing.
Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.
Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'Squawk Box' to discuss on what recent Nvidia news means for tech companies at-large, what to expect from earnings and much more.