China Urges Local Firms to Avoid Nvidia H20 Chips | Bloomberg Tech 8/12/2025

“BLOOMBERG TECH” IS LIVE FROM COAST-TO-COAST. WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH. " COMING UP, BEIJING URGES LOCAL COMPANIES TO AVOID USING NVIDIA'S H20 PROCESSORS. MATT: ELON MUSK -- CAROLINE: ELON MUSK ACCUSES APPLE. >> AND WE WILL HAVE A DISCUSSION WITH THE CEO. CAROLINE: AND THE NASDAQ 100, THE S&P 500 WERE UP .6%. VOLATILE TRADE AS WE ADJUST THE CPI AND CONSUMER PRICE INFLATION COMING IN WHERE THE MARKET ANTICIPATED. THEY STILL THINK THEY HAVE ...