🚨 Trump says China has NOT purchased any Nvidia H200 chips despite US sales approval.
He says China is choosing not to as it aims to develop its own technology.
$NVDA 🔴-3.1% pre-market
$NVDA - TRUMP: CHINA HASN’T BOUGHT NVIDIA H200 CHIPS
President Donald Trump said China has not purchased Nvidia’s H200 chips, despite U.S. approval for sales.
He said China “chose not to” and is aiming to develop its own technology. Chip stocks fell after the summit ended without a major tech deal.
JUST IN: U.S. approves around 10 Chinese firms to purchase $NVDA H200 chips, sources say
$BABA, ByteDance, $TCEHY Tencent, and $JD among Chinese companies approved by the U.S. to buy NVIDIA H200 chips, sources say
Lenovo, Foxconn, and other distributors also received U.S. approval to purchase NVIDIA H200 chips, sources say
🚨 BREAKING
🇺🇸🇨🇳 U.S. JUST APPROVED CHINESE COMPANIES TO BUY NVIDIA CHIPS!
INSIDERS REPORT THEY WILL OFFICIALLY LIFT ALL EXPORT RESTRICTIONS, AND TRADING BANS.
CHINA ACCOUNTED FOR 25% OF NVIDIA REVENUE BEFORE THE SANCTIONS.
$NVDA STOCK JUST WENT PARABOLIC ONCE AGAIN!!
I wrote this article in Jan of this year after there was a huge insider buy from former TSMC chairman Teyin Liu who is now a Director at $MU stating that $MU was a solid buy at the time.
The share price then was $340.
The current share price is $587. 🔥🔥🔥