Donald Trump plans to discuss Nvidia’s AI chip technology with President Xi Jinping during an upcoming meeting in Busan, signaling ongoing US-China negotiations over technology access.
This potential dialogue underscores tensions in chip trade, with implications for Nvidia’s market strategy and US-China tech relations amid existing export controls affecting global semiconductor dynamics.
Donald Trump plans to discuss Nvidia’s AI chips with Xi Jinping amidst US-China export control negotiations.
Trump is optimistic about talks with Xi on chip export controls affecting Nvidia, a key player as its market cap soars near $1 trillion.
Trump and Xi Confront Nvidia Chip Export Controls
Donald Trump has announced plans to discuss Nvidia’s AI chips, specifically the Blackwell architecture, with Chinese President Xi Jinping in South Korea. This comes amidst US-China negotiations on chip export controls and access.
Involved parties include Trump and Xi, with Nvidia indirectly affected. Trump is optimistic about the potential outcomes of the talks, while Nvidia’s CEO, Jensen Huang, hopes for a positive shift in China’s stance.
“I think we may be talking about that with President Xi,” and “very optimistic” about the upcoming meeting (in reference to Nvidia’s chips and China) – Donald Trump.
Nvidia’s Market Cap Nears $1 Trillion Amid Talks
Nvidia’s market cap is rising, currently approaching $1 trillion amidst these discussions. The outcome may significantly influence US export controls and Nvidia’s revenue from China, which accounts for about 13% of its total income.
Potential outcomes include changes in regulatory frameworks affecting Nvidia’s China revenue. Historical trends suggest that market volatility may occur if US-China chip agreements shift, potentially impacting related technologies and tokens.
“They’ve made it very clear that they don’t want Nvidia to be there right now…I hope that will change in the future because I think China is a very important market” – Jensen Huang.
AI Tokens React to US Export Control Changes
Past US export controls on chips have led to market rallies in AI-related tokens like RNDR and AKT. These events often follow direct changes affecting hardware access and compute costs.
Experts from Kanalcoin emphasize that regulatory changes could sway AI token markets, as has happened during past tech regulation shifts. They predict monitoring developments in related tokens like RNDR and FET amidst these discussions.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
