Nvidia addresses AI chip smuggling, says bootleg data centers are a 'losing proposition'
Publishing timestamp: 2025-07-24 13:11:17
Summary
Nvidia responds to reports of $1 billion worth of its AI chips illegally entering China, stating that data centers built with smuggled chips are not supported. The company plans to resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations. Berkshire Hathaway is underperforming after news of Buffett's exit.
Sentiment: NEUTRAL
Tickers: NVDA,
Keywords: jensen huang, nvidia corp, artificial intelligence, the edge, donald j. trump, politics, business news, technology, breaking news: politics, donald trump,
Source: https://www.cnbc.com/2025/07/24/nvidia-ai-chips-smuggling-china-trump.html