Overview
- President Trump said Friday that Chinese authorities have not approved purchases of Nvidia’s H200 chips despite U.S. clearance, so no deliveries have gone out.
- U.S. Trade Representative Jamieson Greer told Bloomberg that chip export controls were not a major topic in Beijing talks and said any H200 imports are China’s sovereign call.
- Nvidia shares closed at a record on Thursday then slid Friday as investors reassessed China access and braced for a large post‑earnings move in a company now worth about $5.7 trillion.
- Nvidia reports Wednesday, May 20, with Wall Street expecting roughly $78.7 billion in revenue and $1.76 in EPS as investors look for proof that data‑center orders remain strong.
- Political pushback grew in the U.S. over allowing advanced AI chip sales to Chinese firms, while Beijing steers buyers toward domestic alternatives, heightening policy risk for future demand.