According to The Kobeissi Letter, Jensen Huang stated on Tuesday that China is going to win the AI race against the US unless things change. According to The Kobeissi Letter, Nvidia’s market capitalization declined by roughly $500 billion over the following three sessions. According to The Kobeissi Letter, later that night Huang said China is nanoseconds behind the US on AI. According to The Kobeissi Letter, less than 24 hours later headlines indicated the US is set to announce a ban on sales of Nvidia’s scaled-down AI chips to China. According to The Kobeissi Letter, this sequence came a week after President Trump met with Huang before Trump’s meeting with China’s President Xi. According to The Kobeissi Letter, this timeline highlights acute headline risk around US–China AI policy for Nvidia and AI-exposed equities. According to The Kobeissi Letter, the post did not discuss cryptocurrencies or any spillover to crypto markets.

According to @KobeissiLetter, the US is set to announce a ban on sales of Nvidia's scaled-down AI chips to China. According to @KobeissiLetter, the report links the potential policy shift specifically to Nvidia’s China-focused, scaled-down AI GPU variants. According to @KobeissiLetter, Nvidia CEO Jensen Huang stated that "China is going to win the AI race" yesterday. According to @KobeissiLetter, traders can treat this potential announcement as a near-term headline catalyst to monitor NVDA and AI-exposed equities, and AI-related crypto narratives for sentiment moves tied to AI chip export headlines.

According to @ReutersBiz, U.S. President Trump said Nvidia’s advanced Blackwell chip for artificial intelligence would not be available to 'other people' on Nov 3, 2025, source: Reuters Business reut.rs/4qX5igD. Nvidia describes Blackwell as its latest-generation AI platform for training and inference deployed across data centers and hyperscalers, source: Nvidia. The U.S. Department of Commerce previously imposed export controls on advanced AI chips to certain countries in 2022–2023 that affected Nvidia shipments, source: U.S. Department of Commerce. The Reuters Business update did not reference any direct change to cryptocurrencies such as BTC or ETH, source: Reuters Business reut.rs/4qX5igD.

According to Evan (@StockMKTNewz), Nvidia CEO Jensen Huang has stated the company will resume sales of its H20 AI GPU to China. This move is facilitated by a new, compliant GPU design for which the United States has reportedly assured Nvidia it will grant the necessary licenses. For the cryptocurrency market, this development is particularly bullish for AI-related tokens, as Nvidia's performance and expansion in the AI hardware sector often act as a key sentiment driver for the entire AI crypto narrative. Increased access to Nvidia's powerful GPUs could indirectly support projects reliant on computational power, potentially boosting investor confidence in the long-term viability of AI-focused blockchain projects.

According to The Kobeissi Letter, AMD announced that US chip export controls to China will apply to their MI308 products, potentially leading to charges of up to $800 million. This announcement has caused AMD's stock to drop by more than 7%. Investors should watch for further developments as these controls could impact AMD's revenue streams significantly.