Chinese government ordered local companies to stop buying Nvidia chips, while AI stocks are noted as beneficiaries of Trump tariffs.
4 reports, 4 independent
Updated Jul 19
Gone quiet
Reached 3 outlets in its first 24 hours
- Reports
- 4
- Developments
- 2
- Repetition
- 75%
New informationRepeats or wire copies
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What happened
Chinese government ordered local companies to stop buying Nvidia chips, while AI stocks are noted as beneficiaries of Trump tariffs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Global Data Solutions Limited is a beneficiary of Trump tariffs and has resumed H20 chip shipments to China.Sub-event
Chinese government halts Nvidia chip purchases, while AI stocks benefit from Trump tariffs.1 source
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
Related events
- Chinese companies are making purchases of Nvidia AI chips.
- China has restricted purchases of Nvidia chips, leading to investor fears about AI companies. An MIT report informed these concerns, coinciding with DeepSeek's model launch.
- A gathering involving key figures discussed trade issues and tariff relief, noting that local firms might purchase Nvidia's new semiconductors.
- US-China tech rivalry intensifies as Trump plans a state dinner for Xi Jinping, amid ongoing chip export controls and AI development races.
- Trump's administration imposed export restrictions on China while Chinese AI firms like Alibaba and DeepSeek continue to develop competing models.
Coverage
Newest first; wire copies grouped- theatlantic.com
- Insider MonkeyACM Research (ACMR) Gets 22% Boost From US-China Chip Tensions We recently published 10 Stocks Defy Chaos With Jaw-Dropping Gains. ACM Research, Inc. (NASDAQ:ACMR) is one of the top performers of las
- GuruFocus.comNvidia Halts H20 Chip Production Amid China Crackdown This article first appeared on GuruFocus. Nvidia (NVDA, Financials) has directed suppliers including Amkor Technology, Samsung Electronics, and F
- ReutersChina cautions tech firms over Nvidia H20 AI chip purchases, sources say (Reuters) -Chinese authorities have summoned domestic companies including major internet firms Tencent and ByteDance over thei