Nvidia Shares Steady After Trump-Xi Meeting Skips Blackwell Chip Discussion

This article first appeared on GuruFocus.

U.S. President Donald Trump said he did not discuss Nvidia's (NVDA, Financials) Blackwell artificial intelligence chip with Chinese President Xi Jinping during their meeting in South Korea, despite earlier remarks suggesting the topic might arise.

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Trump told reporters aboard Air Force One that semiconductors were broadly discussed and that China may engage with U.S. firms about chip purchases, but he added, We're not talking about the Blackwell.

The omission came after Trump's public praise of the chip as super-duper, which coincided with Nvidia briefly surpassing a $5 trillion valuation. The meeting outcome left investors watching for further clarity on U.S.-China technology relations.

Washington currently restricts exports of Nvidia's most advanced AI chips to China. The company has been developing a compliant version of its Blackwell-based processor to sell in the region. However, Chinese authorities have shifted support toward local semiconductor producers such as Huawei, limiting Nvidia's prospects in the market.

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