By Daniel Howley
Publication Date: 2025-12-10 18:33:00
On Monday, President Trump announced via Truth Social that he will approve the sale of Nvidia’s (NVDA) H200 chips to certain companies in China and other countries.
The move is a positive for Nvidia, which has been lobbying for the administration to approve the sale of more powerful chips to the country for months.
But the response from investors and Wall Street more broadly has been rather muted. That’s because, as Deepwater Asset Management managing partner Gene Munster put it, this all feels a bit like déjà vu.
In April, the US banned the sale of Nvidia’s H20 chips to China, before approving exports of the processors in July. But instead of buying them up, China balked, claiming that the chips could pose a security risk to local firms. The general thinking is that the maneuver was meant to push the Trump administration to let Nvidia and its rivals ship newer, non-downgraded chips.
And there’s no guarantee the country won’t do the same thing in an attempt to get Nvidia’s current top-of-the-line systems — the H200 is two generations behind the current Blackwell-based B300.
There’s similarly no telling whether the US would halt sales of the chips as a means of retaliation against China if the…
