Nvidia(US:NVDA) Forbes·2025-11-03 11:20Core Viewpoint - President Trump has stated that while he will allow Nvidia to engage in deals with Beijing, he will prohibit the sale of Nvidia's most advanced semiconductors, specifically the Blackwell AI chips, to China [1][2]. Group 1: Trump's Statements on Nvidia and China - Trump confirmed that he will not permit the sale of Nvidia's most advanced chips to China, emphasizing that these chips will only be available to the United States [2]. - He acknowledged Nvidia as the leading AI chipmaker globally and indicated that while China can engage with Nvidia, it cannot access the most advanced technology [2][4]. Group 2: Market Reactions - Following Trump's comments, Nvidia's shares increased by 1.4%, reaching $205.31 in premarket trading [3]. - Nvidia recently became the first company to surpass a $5 trillion market cap, coinciding with discussions about export controls on advanced chips aimed at China [3]. Group 3: Nvidia CEO's Perspective - Nvidia CEO Jensen Huang expressed hope for future sales of Blackwell chips to China, stating that it would benefit both the U.S. and China, although he noted that no decisions have been finalized [5]. - Huang mentioned that while the U.S. president has licensed Nvidia to ship to China, the Chinese government has currently blocked these shipments [5]. Group 4: Broader Context of AI Competition - In a recent interview, Trump addressed concerns regarding export restrictions, suggesting that while China may not necessarily win the AI race, they could gain an equal advantage if allowed access to advanced technology [7].