According to @KobeissiLetter, citing Bloomberg, Chinese authorities urged firms not to use Nvidia’s H20 chip just hours after a 15% revenue-share agreement with Trump was made (source: The Kobeissi Letter on X, citing Bloomberg). Nvidia previously designed the H20 specifically for the China market to comply with U.S. export controls, as reported in 2023 (source: Reuters). Bloomberg has also reported that AI-linked crypto tokens such as RNDR and FET rallied alongside Nvidia-related headlines in 2024, indicating potential sentiment spillover from AI chip news to crypto markets (source: Bloomberg). No official statements or additional details were included in the cited post beyond the reference to Bloomberg (source: The Kobeissi Letter on X).

According to @KobeissiLetter, China has urged firms not to use Nvidia’s H20 AI chip just hours after a 15% revenue share agreement with Trump was announced, per Bloomberg. Nvidia created the H20 as a China-compliant alternative following U.S. export restrictions, highlighting potential demand risk if Chinese adoption is curtailed, per Reuters. AI-linked crypto tokens have previously reacted to Nvidia-driven AI headlines, indicating possible spillover volatility into AI-related digital assets, per Bloomberg.

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).

According to @StockMKTNewz, Chinese state media said Nvidia’s H20 chips are not safe for China, as reported by Reuters (source: Reuters via @StockMKTNewz). Reuters has previously reported that H20 is Nvidia’s China-focused GPU designed to comply with tightened U.S. export controls after restrictions on A100/H100, with commercial rollout planned in 2024 following delays (source: Reuters). For traders, this highlights headline and regulatory risk around NVDA’s China AI hardware pipeline and data center supply chains linked to U.S.–China tech controls (source: Reuters). Reuters has also reported that several Bitcoin miners, including Hut 8 and Iris Energy, expanded into AI compute services, making chip availability and policy a crossover theme for crypto-exposed equities (source: Reuters).

According to The Kobeissi Letter, an $8 million spike in puts on the Nasdaq 100 ETF occurred at 2:20 PM, coinciding with a US ban on Nvidia's H20 chip sales to China. This event has led to a significant downturn in the Nasdaq, dropping nearly 300 points. Traders may view this as a strategic move to hedge against anticipated market volatility following the ban.