Overview
- Nvidia shares, which hit record highs Thursday, rose after reports that the U.S. cleared H200 AI chip sales to about 10 Chinese firms including Alibaba, Tencent, ByteDance, and JD.com.
- Officials said Friday that no H200 deliveries have gone out because Beijing has not authorized purchases, a gap that keeps any commercial sales from moving forward.
- CEO Jensen Huang joined President Trump’s delegation to Beijing, signaling that access to China’s AI market now depends on government-to-government talks as well as corporate demand.
- Political pushback intensified as Senate leaders warned the plan could aid Chinese military-linked companies, while filings showed Trump holds a new multi‑million‑dollar Nvidia stake.
- UBS reported Intel lost server CPU share to AMD and Arm in Q1, underscoring shifting data‑center demand as investors await Nvidia’s May 20 results and guidance.