TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security. President Xi responded positively! $25% will be paid to the United States of America. This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers. The Biden Administration forced our Great Companies to spend BILLIONS OF DOLLARS building “degraded” products that nobody wanted, a terrible idea that slowed Innovation, and hurt the American Worker. That Era is OVER! We will protect National Security, create American Jobs, and keep America’s lead in AI. NVIDIA’s U.S. Customers are already moving forward with their incredible, highly advanced Blackwell chips, and soon, Rubin, neither of which are part of this deal. My Administration will always put America FIRST. The Department of Commerce is finalizing the details, and the same approach will apply to AMD, Intel, and other GREAT American Companies. MAKE AMERICA GREAT AGAIN!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s announcement of allowing NVIDIA to ship H200 products to China under certain conditions could lead to a positive impact on NVIDIA’s stock, as well as potentially benefiting AMD and Intel due to similar policy applications. This move might boost investor confidence in technology-focused ETFs like Invesco QQQ Trust and Vanguard Information Technology ETF, while also affecting the iShares MSCI China ETF due to increased U.S.-China tech trade. However, the statement could create volatility in the stock market as investors assess the implications for U.S. national security and global tech competition.
Here are some of the stocks that might be affected:
Advanced Micro Devices, Inc. ((AMD)),
Intel ((INTC)),
Nvidia Corporation ((NVDA)),
Invesco QQQ Trust ((QQQ)),
Technology Select Sector SPDR Fund ((XLK)),
iShares MSCI China ETF ((MCHI)),
Vanguard Information Technology ETF ((VGT)).