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7hon MSN
David Sacks said this would "deprive Huawei of basically having this giant market share in China."
Data center operators in China, which use Nvidia’s H20 chips to crunch data for various AI services, have been struggling to find a local alternative that is as good as the U.S. company’s chips.
Nvidia announced it has received the OK to resume selling its pared down H20 chip in China.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
U.S. stocks are drifting mostly higher following some mixed data on inflation and profits at some of the biggest U.S. banks.
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