Story perspectives

Trump and Xi Discuss Nvidia Chips as China Blocks Imports

5/15/2026

Summary

Trump Meets Xi

President Donald Trump met Xi Jinping on May 14-15, 2026 to discuss Nvidia H200 chips, with Jensen Huang joining the delegation.
The United States (U.S.) cleared ten firms—including Alibaba, Tencent, ByteDance, JD.com, Lenovo and Foxconn—to buy 75,000 H200 chips, yet none have shipped.
President Donald Trump said Beijing chose not to approve the purchases while U.S. Trade Representative Jamieson Greer noted licensing requires U.S. inspection and a 25% Treasury fee.

Summary

Cramer Urges Sales

Jim Cramer urged permitting Nvidia AI chip sales to China to keep U.S. tech dependence.
He warned that forcing China to build its own chips could let it catch up and surpass U.S. makers.
Nvidia CFO Colette Kress said only limited H200 units have clearance and the firm has earned no China revenue.
Jensen Huang said at GTC that purchase orders arrived and H200 manufacturing is restarting.

Summary

DeepSeek Switches

DeepSeek now relies on Huawei-made AI chips, shifting from Nvidia hardware.
Nvidia CEO Jensen Huang says U.S. export controls have cut Nvidia’s Chinese AI-accelerator share to near zero.
Beijing’s new supply-chain security regulations and central-government guidance have led Alibaba, Tencent, ByteDance and JD.com to pause H200 orders.
The U.S. 25 % revenue-share requirement, routing chips through America, raises Chinese concerns about hidden vulnerabilities.

Summary

Trump Boosts Nvidia

President Donald Trump disclosed a Nvidia stake for Q1 in an OGE Form 278-T filing.
The filing showed he cut Amazon, Microsoft and Meta while boosting Nvidia exposure.
Analysts said his investment acted as a political endorsement that lifted Nvidia to $235.74, $5.77 trillion market value.
UBS analysts raised the Nvidia price target to $275 for the May 20 earnings.
Polymarket traders gave a 97 % probability Nvidia will exceed the $1.77 EPS estimate.

History

Historical Context

After the U.S. Department of Commerce added Huawei and 70 affiliates to the Entity List on 15 May 2019, Nvidia halted H100 chip shipments to China, shaving $2 billion from its 2020 revenue. In 2026, President Trump’s talks with Xi Jinping over Nvidia’s H200 chips echo that embargo, showing how U.S. export controls still shape the global AI supply chain.

1 of 5

Trump Meets Xi

President Donald Trump met Xi Jinping on May 14-15, 2026 to discuss Nvidia H200 chips, with Jensen Huang joining the delegation.
The United States (U.S.) cleared ten firms—including Alibaba, Tencent, ByteDance, JD.com, Lenovo and Foxconn—to buy 75,000 H200 chips, yet none have shipped.
President Donald Trump said Beijing chose not to approve the purchases while U.S. Trade Representative Jamieson Greer noted licensing requires U.S. inspection and a 25% Treasury fee.

1 / 5