'It's a super-duper chip': Trump to discuss Nvidia's latest AI chip deliveries with China's head of state

US President Donald Trump has signaled that he is ready to discuss with Chinese President Xi Jinping the possibility of supplying Nvidia's most powerful chip for artificial intelligence. Export restrictions in force since 2022, which Washington has repeatedly strengthened, have reduced Nvidia's share of the Chinese market from almost 100% to zero.

"We're going to talk about Blackwell, it's a super-duper chip," CNBC reports Trump's response to a reporter's question about the agenda for talks with Xi Jinping, scheduled for Oct. 30. By "superchip," Trump was likely referring to the GB200 Grace Blackwell Superchip, Nvidia's most advanced artificial intelligence product, the network notes.

Trump said Nvidia's Blackwell AI chips are a decade ahead of any other. "This is our country. We're about 10 years ahead of everybody else in chips - high-tech chips. I think we can talk to Chairman Xi about that," he said.

Nvidia shares rose 8.5% in over-the-counter trading on Blue Ocean, Bloomberg reports. According to the agency, Trump's statements added momentum to the 6.8% gain already achieved. The jump was driven by a number of developments that have boosted optimism around the global boom in AI infrastructure. Among them, Bloomberg highlighted strong reporting from SK Hynix, the largest supplier of memory chips to Nvidia, as well as Nvidia's own optimistic outlook for chip demand and a series of deals announced by the company at a conference in Washington.

According to FactSet, 60 out of 66 experts providing research support for Nvidia shares recommend them for purchase with Buy and Overweight ratings. The average target price of $225.55 per share calculated by the service implies a 12% increase in the chipmaker's stock price over the next year.

In 2022, Nvidia faced a de facto White House ban on selling top AI chips to customers in China. The restrictions were imposed due to concerns that these semiconductors could give Beijing a military advantage. Nvidia wrote off billions of dollars in expected revenue in 2025 after the Trump administration blocked sales of its H20 chip, specifically slowed down for the Chinese market. Nvidia chief Jensen Huang said export restrictions, which U.S. policymakers have tightened several times, caused Nvidia's share of the Chinese market to drop from a peak of 95 percent to zero.

A few months later, Trump agreed to grant Nvidia permits to export H20 chips to China in exchange for 15% of the proceeds from those shipments. This agreement caused widespread discontent and alarm among hardliners against China - both inside and outside the Trump administration. However, H20 sales to China never resumed, with Beijing urging Chinese companies not to purchase them.

This article was AI-translated and verified by a human editor