A Pivotal Moment for Nvidia As the summer earnings season winds down, Big Tech giants like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) have delivered robust quarterly results,

Outside of the U.S., China remains one of the most important markets fueling demand for high-performance chipsets, particularly graphics processing units (GPUs). Nvidia CEO Jensen Huang has estimated that the AI opportunity in China alone could be worth as much as $50 billion.

Two Chinese nationals in California were arrested and charged with illegally shipping tens of millions of dollars’ worth of AI chips to China, including Nvidia H100s, the US Justice Department said on Tuesday.

Nvidia stock was up slightly on Tuesday following a report that it is aiming to release a new artificial-intelligence chip for the Chinese market. Nvidia shares were 0.3% higher at $182.50 in premarket trading.

Why Nvidia’s and AMD’s China deal with Trump could backfire. The companies making the most money from the AI boom are the ones selling the processors, such as Nvidia and AMD.