特朗普，批了！

Core Viewpoint - The U.S. government has approved NVIDIA to export H200 chips to approved customers in China, with a 25% revenue share going to the U.S. government, as announced by President Trump [2][3]. Group 1: Export Approval Details - The approval allows NVIDIA to sell H200 chips, but not the more advanced Blackwell and upcoming Rubin chips [3]. - Other chip manufacturers, including AMD and Intel, are subject to the same export rules [3]. - The decision is seen as a compromise, allowing NVIDIA to participate in the competitive market while ensuring U.S. national security [4]. Group 2: Financial Implications - NVIDIA is required to pay 25% of its sales revenue from these exports to the U.S. government, which is intended to support U.S. jobs and manufacturing [3]. - Following the announcement, NVIDIA's stock price rose over 2% in after-hours trading [6]. Group 3: Market Context - Prior to this approval, NVIDIA's sales in China had significantly declined, with sales dropping from 95% to nearly 0% [5]. - In Q3, NVIDIA's AI chip sales in China amounted to only $5 million, representing 0.09% of the company's total revenue [5].