According to @KobeissiLetter, President Trump said Nvidia and AMD “negotiated down to 15%” on the chip export deal to China and described Nvidia’s H20 chip as “obsolete but still has a market” (source: The Kobeissi Letter post on X). Nvidia’s H20 is a China-focused data center GPU designed to comply with U.S. export controls, making it central to any policy-linked sales outlook in China (source: Reuters reporting). Export-control headlines have previously driven sharp moves in NVDA and AMD shares, underscoring event risk around U.S.–China chip policy (source: Reuters reporting). For crypto, decentralized GPU compute networks such as Render (RNDR) and Akash (AKT) rely on broader GPU availability and pricing, tying AI chip policy developments to their underlying supply narratives (source: Render Network documentation; Akash Network documentation). Note that major crypto mining like BTC uses ASIC hardware and Ethereum moved to proof-of-stake in 2022, limiting direct GPU-mining exposure (source: Cambridge Centre for Alternative Finance; Ethereum Foundation).