Trump‑Xi clears Nvidia H200 chips for China firms
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- Goldman Sachs expects China to increase purchases of U.S. agriculture, energy and aircraft products in exchange for avoiding further tariff escalation in the Trump‑Xi talks.
- Dong Chen of Bank J Safra Sarasin said the summit could serve as a near‑term catalyst for Chinese equities after months of underperformance versus U.S. tech peers.
- Jiong Shao of Barclays warned that access to Nvidia’s latest AI chips is the biggest bottleneck for Chinese firms, making the H200 clearance critical for AI competitiveness.
- Washington cleared sales of Nvidia H200 AI chips to roughly ten Chinese firms, including Alibaba, Tencent, ByteDance and JD.com, according to Reuters.
- Goldman Sachs analysts noted the meeting could act as a tactical catalyst for strength in the Chinese yuan and equities.
Why it matters: Chinese AI firms such as Alibaba, Tencent, ByteDance and JD.com gain access to Nvidia H200 chips, boosting global AI competitiveness and supporting earnings growth, while U.S. chip exporters resume sales, driving equity inflows into Chinese tech.
