Nvidia (NVDA) Stock: Trump Reserves Advanced Blackwell Chips for U.S. Companies Only

TLDR

• President Trump stated that Nvidia’s most advanced Blackwell AI chips will be reserved exclusively for U.S. companies and will not be sold to China or other countries.
• Trump said he will allow China and other nations to deal with Nvidia for less advanced chips, but the top-end semiconductors remain off limits.
• Nvidia shares rose 1.4% to $205.31 in premarket trading on Monday following Trump’s comments.
• The restrictions may be tighter than previously indicated, potentially affecting countries beyond just China, though Nvidia recently announced plans to supply over 260,000 Blackwell chips to South Korea.
• Nvidia CEO Jensen Huang stated the company has not sought U.S. export licenses for China because Beijing has made clear it doesn’t want Nvidia operating there currently.

President Donald Trump drew a clear line Sunday on Nvidia’s chip exports. The most advanced Blackwell semiconductors will stay in American hands.

Nvidia’s stock responded positively to the news. Shares climbed 1.4% to $205.31 in premarket trading Monday morning.

NVIDIA Corporation, NVDA

The company recently became the first to surpass a $5 trillion market capitalization. This milestone came after Trump previously signaled openness to discussing export controls during his meeting with Chinese President Xi Jinping.

Questions About International Sales

The new restrictions appear tighter than what U.S. officials had previously suggested. Trump’s comments raise questions about chip access for countries beyond China.

Just last Friday, Nvidia announced a major deal with South Korea. The company plans to supply more than 260,000 Blackwell AI chips to Samsung Electronics and other Korean businesses.

Trump did not rule out selling downgraded versions of Blackwell chips to Chinese companies. He kept the door open for less capable variants but remained firm on the top-tier technology.

The possibility of any Blackwell sales to China has drawn fire from Washington hawks. Republican Congressman John Moolenaar compared such sales to “giving Iran weapons-grade uranium.”

Trump had mentioned discussing Blackwell chips with Xi Jinping before their South Korea summit last week. The topic never came up during their face-to-face meeting.

Nvidia’s Position on China

Nvidia CEO Jensen Huang addressed the China situation at the company’s GPU Technology Conference. He said Beijing has blocked Nvidia from operating in the Chinese market.

He acknowledged that Trump will make the final decision. Huang noted the company needs Chinese market access to fund U.S.-based research and development.

The July administration AI blueprint sought to loosen environmental rules and expand AI exports to allies while maintaining American technological superiority over China.

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