Key Points
- Financial Times reports China has prohibited Nvidia’s RTX 5090D V2 gaming chip
- The prohibition appeared on a customs registry of restricted imports during Trump-Xi diplomatic meetings
- Jensen Huang, Nvidia’s CEO, attended the summit
- Though marketed for gaming, the chip attracted AI developers seeking access to Blackwell architecture
- Wall Street projects Nvidia’s fiscal Q2 results at $1.77 earnings per share with revenue reaching $78.97 billion
Beijing has discretely prohibited one of Nvidia’s gaming processors while President Trump and CEO Jensen Huang attended diplomatic discussions in the nation.
According to Friday’s Financial Times coverage, China’s customs authority added the RTX 5090D V2 to its registry of restricted merchandise. The publication referenced two sources familiar with the decision.
Nvidia stock (NVDA) is down 0.77% on the news.
The RTX 5090D V2 launched last August as a product engineered to satisfy American export restrictions while catering to Chinese consumers in the gaming sector.
Although positioned as a consumer gaming product, artificial intelligence programmers utilized it to leverage Nvidia’s Blackwell-based technology — a strategic bypass that likely triggered regulatory concerns in Beijing.
Huang participated in scheduled activities during the Trump-Xi diplomatic gathering, making the prohibition’s timing notably conspicuous. Nvidia has yet to issue a statement regarding the matter.
Huang’s Recent Comments
During a Bloomberg TV appearance earlier in the week, Huang expressed positive expectations regarding Chinese market accessibility. “My sense is that over time, the market will open,” he remarked.
Those words carry additional significance in light of the emerging chip prohibition news.
Quarterly Results Imminent
This development surfaces just ahead of a critical financial disclosure. Nvidia plans to release its fiscal second-quarter performance figures following market close.
Wall Street forecasts earnings at $1.77 per share. Revenue projections stand at $78.97 billion.
The RTX 5090D V2 prohibition introduces additional complexity ahead of the announcement, especially concerning revenue derived from Chinese operations.
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