Some Biden-era officials say access to Nvidia (NVDA) chips could help China’s AI companies buy time while China’s chipmakers improve their chip supply and performance, The New York Times’ Meaghan Tobin reports. The comments follow President Trump’s announcement that Nvidia would be able to sell semiconductors to China, a decision that comes at a time when Chinese tech companies like Alibaba (BABA) and Tencent (TCEHY) are pouring money into AI efforts and data centers.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Is Nvidia’s China Problem Really Over — What It Means for NVDA Stock
- Nvidia or Palantir: Billionaire Chris Rokos Pours Hundreds of Millions Into One Top AI Stock
- Nvidia Builds Location-Tracking Tech to Prevent Chip Smuggling
- Daniel Ives Calls Nvidia’s H200 Chip Export Approval a ‘Watershed Moment’
- UBS Analyst Says Approval for H200 Chip Exports Will “Even the Playing Field” for Nvidia (NVDA)