Trump Reverses Stance, Allows Nvidia China Chip Sales After CEO Talks
Summary
Breaking news: President Trump reverses stance, greenlights Nvidia's $4 trillion chip sales to China after CEO Jensen Huang's persuasive talks, abandoning previous plans to break up the market-dominant tech giant.
Key Points
- Trump initially wanted to break up Nvidia due to its market dominance but changed his stance after learning more about the company.
- Nvidia CEO Jensen Huang convinced Trump to allow the company to sell its H20 chips to China, opening a new revenue stream.
- Trump now praises Huang and Nvidia, suggesting the administration is unlikely to pursue antitrust action against the $4 trillion company.