Key dishes to remember
- The White House has interrupted plans to limit sales of NVIDIA H20 fleas to Chinese companies, NPR reported Wednesday.
- The development comes after the CEO Jensen Huang attended a dinner in Mar-A-Lago last week, where President Trump made an appearance, according to the report.
- The H20 chip is less powerful than Nvidia’s latest technology and is suitable for responding to existing export restrictions.
- Nvidia’s actions increased in the middle of a wider market rally on Wednesday after Trump announced a 90 -day break on most of the prices that his administration announced last week.
The Trump administration has interrupted plans to tighten restrictions on NVIDIA sales (Nvda)) H20 chip to companies in China, NPR reported Wednesday.
The H20 is less powerful than the latest Nvidia chips and is suitable for responding to existing American export restrictions. The White House was planning to curb Nvidia’s ability to sell the china in China, but these plans were suspended after CEO Jensen Huang attended a dinner in Mar-A-Lago last week, where President Trump made an appearance, according to the report.
NVIDIA refused to notice the report, while the Commerce Department did not immediately respond to a request for comments.
Nvidia’s shares climbed out of 18% on Wednesday in the middle of a wider market rally after Trump announced a 90 -day break On most prices, his administration announced last week. In a social post, Trump said he thought that the break was necessary because “more than 75 countries” had contacted his administration to conclude trade agreements. The break has excluded China, which is rather faced with a higher rate as prices on the country’s goods Increase to 125%. (Read Investor live cover of Today’s market action here.)