Nvidia CEO Jensen Huang Rushes To China As Trump's Tariffs Deal $5.5 Bn Blow To Chipmaker | CLRCUT

The U.S.–China trade war has intensified, with the Trump administration halting exports of high-performance AI chips from Nvidia and AMD to China, citing national security concerns. Triggered by the rise of Chinese AI firm DeepSeek—whose models rival GPT-4 using limited resources—the crackdown targets Nvidia’s H20 and AMD’s MI308 chips, essential to China's AI ambitions. The move sent shockwaves through Wall Street, wiping $5.5 billion off Nvidia’s value and pushing China to double down on AI self-reliance. While Nvidia eyes U.S.-based production to stay aligned with Washington, the wider tech industry is bracing for further restrictions, including on cloud computing. The battle for AI dominance has now become the defining front in the global economic and geopolitical standoff.
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