In a recent move that surprised many analysts, President Trump allowed the resumption of exports of a particular AI chip that had been designed by an American firm for the Chinese market. The H2O chip had earlier on been included among the AI technologies that were restricted from being sold to firms in China. However, the resumption of these exports to China hasn’t triggered the response that the Western world expected.
What is clear now is that Nvidia Corp. (NASDAQ: NVDA), the maker of this particular AI chip, has been caught in the thick of the tensions between Beijing and Washington. China accounts for a significant share of the company’s market and revenue, so this situation could be very concerning for…
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