In parallel, Nvidia confirmed it expects to resume sales of its H20 AI chips to China, following recent indications from the Trump administration that it would greenlight export licenses.

Nvidia is looking to ship more advanced chips to China than its current generation, CEO Jensen Huang said on Wednesday, as he looks to revitalize sales in the world's second-largest economy.

Jensen Huang, the chipmaker’s chief executive, is trying to balance his company’s interests as the United States and China compete for supremacy in artificial intelligence.

Nvidia CEO Jensen Huang's visit to Beijing involved praising China's tech and EVs, even calling them world-class. This occurred after the U.S. relaxed AI chip sale rules as part of a trade agreement.

They don’t need Nvidia’s chips … to build their military,” Jensen Huang said in a CNN interview aired Sunday, days ahead of another trip to China.

Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.