TLDR
- China banned Nvidia’s RTX 5090D V2 gaming chip, according to the Financial Times
- The ban was added to a customs list of prohibited goods during the Trump-Xi summit
- Nvidia CEO Jensen Huang was present at the summit
- The chip was originally designed for Chinese gamers but was also being used by AI developers
- Nvidia is set to report fiscal Q2 earnings, with analysts expecting $1.77 EPS on $78.97B revenue
China quietly banned one of Nvidia’s gaming chips while President Trump and CEO Jensen Huang were both in the country for high-level talks.
The Financial Times reported Friday that the RTX 5090D V2 was added to a list of banned goods at China’s customs checkpoint. The outlet cited two people with knowledge of the matter.
Nvidia stock (NVDA) is down 0.77% on the news.
The RTX 5090D V2 was unveiled last August. It was specifically designed to comply with U.S. export control rules while still serving China’s gaming market.
Despite being marketed as a gaming chip, AI developers had been using it to access Nvidia’s Blackwell-based architecture — a workaround that may have caught Beijing’s attention.
Huang was part of the itinerary during the Trump-Xi summit, making the timing of the ban particularly eyebrow-raising. Nvidia did not immediately respond to a request for comment.
What Huang Said This Week
Speaking on Bloomberg TV earlier this week, Huang struck an optimistic tone on China access. “My sense is that over time, the market will open,” he said.
That comment now sits in a different light following the chip ban report.
Earnings on Deck
All of this comes right before a major earnings print. Nvidia is set to report fiscal second-quarter results after the closing bell.
Analysts expect earnings of $1.77 per share. Revenue is projected at $78.97 billion.
The RTX 5090D V2 ban adds a fresh layer of uncertainty heading into that report, particularly around China revenue exposure.
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