Nvidia (NVDA) Faces Gaming Chip Ban in China Amid High-Stakes Trump Summit

Key Takeaways

• The Financial Times reports China has prohibited Nvidia’s RTX 5090D V2 gaming chip
• The prohibition appeared on customs lists during the Trump-Xi diplomatic summit
• Jensen Huang, Nvidia’s CEO, attended the summit meetings
• While marketed to gamers in China, AI developers had been leveraging the chip
• The company faces fiscal Q2 earnings expectations of $1.77 EPS and $78.97B in revenue

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In a surprising development, China has silently prohibited one of Nvidia’s gaming processors while both President Trump and company chief Jensen Huang were attending diplomatic meetings in the nation.

According to a Friday report from the Financial Times, the RTX 5090D V2 appeared on China’s customs prohibited goods registry. The publication referenced two sources familiar with the situation.

Shares of Nvidia (NVDA) declined 0.77% following the revelation.

NVIDIA Corporation, NVDA

The RTX 5090D V2 made its debut last August. The chip was engineered specifically to meet U.S. export restriction requirements while catering to Chinese gaming enthusiasts.

Although positioned as a gaming product, artificial intelligence developers had discovered ways to utilize it for accessing Nvidia’s Blackwell architecture — a creative application that likely attracted scrutiny from Chinese authorities.

The timing is notable given Huang’s participation in the Trump-Xi summit proceedings. Nvidia has not yet issued a statement regarding the matter.

Huang’s Recent Commentary

Those remarks take on new significance given the subsequent ban disclosure.

Upcoming Financial Results

This development arrives just ahead of a crucial financial announcement. Nvidia plans to release its fiscal second-quarter performance after market close.

Wall Street consensus anticipates earnings of $1.77 per share. Projected revenue stands at $78.97 billion.

The prohibition of the RTX 5090D V2 introduces additional questions going into the earnings call, especially concerning revenue generation from China.

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