News Summary

Nvidia’s CEO, Jensen Huang, made an unexpected visit to Beijing following new US restrictions on AI chip exports to China. The US government has imposed these curbs to prevent potential misuse of Nvidia’s H20 datacenter GPUs in Chinese supercomputers, which could impact Nvidia’s earnings by $5.5 billion. During his visit, Huang met with Chinese officials and the founder of DeepSeek, an AI company under scrutiny for potentially acquiring export-controlled chips. The visit highlights ongoing tensions in the tech industry as companies navigate US-China trade restrictions.