NVIDIA CEO Huang Shocks Industry by Disclosing Talks with Trump Administration Over Blackwell Design GPUs Sales to China

This article does not constitute investment advice. The author currently holds no positions in any stocks discussed herein.

NVIDIA’s CEO, Jensen Huang, has recently expressed readiness to share a portion of the firm’s forthcoming chip sales to China with the U. S.government, according to reports from Fox Business. Following a lukewarm reaction from investors to the company’s fiscal second quarter earnings, NVIDIA’s stock remains stable. While the company surpassed overall revenue and earnings per share (EPS) expectations, its data center revenue fell slightly short, prompting investors to question whether NVIDIA is experiencing a slowdown in AI growth after witnessing remarkable triple-digit percentage gains during the ChatGPT-driven AI surge.

NVIDIA CEO Exudes Confidence in Securing US Approval for Blackwell Sales to China

Central to NVIDIA’s earnings discussion was the topic of sales in China. Earlier this year, the Trump administration imposed restrictions that prevented NVIDIA from selling its China-specific H20 AI GPUs, causing the company to write off billions in potential revenue. Nevertheless, Huang’s persuasive arguments emphasized that banning NVIDIA products could inadvertently expedite the development of China’s domestic AI semiconductor industry, leading to a policy reversal that allowed H20 sales to proceed in August.

It is important to note, however, that these sales were not reflected in the earnings report for the second quarter, which concluded in July. NVIDIA’s CFO, Collette Kress, emphasized during her comments that no H20 sales to China occurred within this reporting period.

During the earnings conference, Huang reiterated the significance of establishing the American technology stack as the global benchmark. He also mentioned that there is a genuine opportunity for introducing the Blackwell product line into the Chinese market.

NVIDIA Blackwell Ultra GPU diagram showing detailed architecture and connectivity specs. — An architectural diagram of the NVIDIA Blackwell Ultra GPU.

NVIDIA’s Blackwell represents the company’s latest AI GPU architecture, and there have been multiple rumors regarding the development of a specific Blackwell chip tailored for China that adheres to U. S.export control regulations.

In its earnings guidance, NVIDIA projected an impressive $54 billion in revenue for the third quarter, a figure that did not account for any potential sales in China. Analysts suspect that these anticipated sales could have substantially influenced stock performance after the earnings report. The inclusion of these sales would likely have enhanced both the revenue margin and raised expectations around data center revenues.

During the earnings call, Huang remained hopeful about obtaining the necessary approvals for the Blackwell sales to China. This sentiment was echoed in his interview with Fox Business’ Liz Claman, where he confirmed ongoing discussions with the Trump administration concerning the sale of Blackwell AI GPUs to the Chinese market.

Moreover, Huang indicated his willingness to offer a share of the Blackwell sales revenue to the U. S.government. This comes after the administration had previously set a 15% fee for licensing NVIDIA’s H20 AI GPU sales to China.

BREAKING: ⁦@nvidia⁩ CEO Jensen Huang tells me he’s in talks w/ Trump admin about selling his better Blackwell AI chip to China & he’s willing to give US govt a cut of those sales, plus he wants US tech to be like the US dollar: the global standard. Don’t miss my intvu 3pET pic.twitter.com/nGmOQvgcuZ

— Liz Claman (@LizClaman) August 28, 2025