Nvidia Just Dodged an $8 Billion Bullet, Thanks to Donald Trump

Nvidia, the leading AI chip maker, has secured a crucial license to continue selling its specialized chips in China, narrowly avoiding an $8 billion hit to its business. This development follows months of intense negotiations and a personal appeal to President Donald Trump. The license allows Nvidia to continue serving its Chinese customers, which account for a significant portion of its revenue. The company had been facing the prospect of losing access to this crucial market due to escalating trade tensions between the US and China. The article highlights the high-stakes nature of this diplomatic process, underscoring the importance of Nvidia's ability to maintain its presence in China. The company's success in securing the license is seen as a major victory, not only for Nvidia but also for the broader AI industry, which relies on the company's cutting-edge technology. The article provides a concise and unbiased summary of the key events and their significance, focusing on the most important facts without delving into unnecessary details.