JPMorgan said Marvell’s management told them their Microsoft and Amazon custom chip business is on track, contradicting other reports

There’s no easy fix to Nvidia’s China problem.

The world’s most valuable publicly traded company had extended Monday’s gains during after-hours trading yesterday on the heels of US President Donald Trump’s Truth Social post indicating that the chip designer could begin to sell its H200 chips to China, with 25% of the proceeds going to the US government.

However, the company is reversing those gains this morning, with Nvidia dipping into the red relative to yesterday’s close at its lows, after the Financial Times reported that “regulators in Beijing have been discussing ways to permit limited access to the H200,” according to two people familiar with the matter.

Per the FT, buyers would likely need to go through a lengthy approvals process to get their hands on the H200s — Nvidia’s most advanced chip in its Hopper line, which has since been…