Nvidia’s stock rises as Trump blesses China sales. Here’s how big the opportunity could be.
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The latest twist in Nvidia’s China saga? President Donald Trump’s new post saying that he’ll allow chip sales to China as long as the U.S. government gets a 25% cut of business.
Trump first teased an arrangement in August, though then the government was to receive 15% of associated revenue. Nonetheless, Nvidia NVDA CFO Colette Kress said on the company’s latest earnings call that “sizable purchase orders never materialized…due to geopolitical issues and the increasingly competitive market in China.”