According to @KobeissiLetter, Nvidia’s CFO stated on the latest earnings call that over 99% of data center compute revenue billed to Singapore was for U.S.-based customers, confirming the destination of those sales, source: @KobeissiLetter. According to @KobeissiLetter, the clarification aims to remove ambiguity about whether U.S. export controls are being bypassed or smuggled into China, highlighting Nvidia’s public stance on compliance risk, source: @KobeissiLetter. No direct mention of cryptocurrencies or token exposure appears in the cited remarks, indicating no explicit crypto market linkage in this item, source: @KobeissiLetter.

According to The Kobeissi Letter, Nvidia’s base-case for the next quarter assumes zero H20 chip sales to China, implying that models should anchor to no China H20 revenue near term (source: The Kobeissi Letter). According to The Kobeissi Letter, any improvement in US-China relations or any resumption of China-bound chip shipments would be an upside catalyst and could render NVDA shares cheap versus current expectations (source: The Kobeissi Letter). According to The Kobeissi Letter, the key trading variable is policy-driven export outcomes to China, and positioning should reflect zero H20 sales as the default while treating any positive China headlines as incremental upside risk to the guide and multiple (source: The Kobeissi Letter).

According to @KobeissiLetter, a viral thread claims Nvidia and AMD agreed to remit 15% of revenue from chip sales in China to the U.S. in exchange for removing export controls, an arrangement described as unprecedented. Source: The Kobeissi Letter on X (Aug 11, 2025). The thread does not include official confirmations from Nvidia, AMD, the U.S. government, or filed documents; traders should treat this strictly as an unconfirmed headline until company statements or regulatory filings emerge. Source: The Kobeissi Letter thread content (no supporting documents attached), The Kobeissi Letter on X (Aug 11, 2025). Context: U.S. export controls have restricted shipment of advanced AI GPUs to China since 2022 and were tightened in 2023, so any policy reversal would be market-moving for AI chip supply and China-exposed semiconductor revenues. Source: U.S. Department of Commerce Bureau of Industry and Security public export-control announcements (2022–2023). Trading takeaways: Expect headline-driven volatility and potential gap risk in NVDA, AMD, and semiconductor ETFs such as SOXX and SMH pending any confirmation or denial; consider liquidity planning and hedging around news flow. Source: The Kobeissi Letter headline as the immediate catalyst, The Kobeissi Letter on X (Aug 11, 2025). Crypto angle: Changes to AI compute export policy can influence sentiment across AI-linked crypto narratives and related tokens; monitor cross-asset flows if official confirmation or rejection is issued. Source: The Kobeissi Letter headline and BIS export-control context cited above.

According to @KobeissiLetter, Financial Times just reported that the latest chip export-control rollbacks may be paired with incremental tariffs, unlike prior rollbacks that added no tariffs, creating a major surprise for investors. Source: Financial Times via @KobeissiLetter. The author notes chip stocks are unlikely to react well in the next session, implying near-term downside risk and wider spreads for semiconductor equities. Source: @KobeissiLetter. Traders should prepare for potential premarket volatility and reassess exposure to chip-sensitive names and indices given the tariff headline risk. Source: @KobeissiLetter. While the report does not address crypto directly, traders should monitor BTC and ETH for risk-off spillover if semiconductor weakness drives broader sentiment. Source: @KobeissiLetter.

According to The Kobeissi Letter, China has responded to the ongoing tariff dispute by imposing export controls on seven types of rare earth metals, in addition to existing 34% tariffs. This move directly impacts sectors reliant on these materials, potentially influencing trading strategies in industries such as electronics and military technology.

According to The Kobeissi Letter, China has implemented export controls on 7 types of rare earth metals in addition to existing 34% tariffs, highlighting the strategic importance of these materials in the ongoing trade tensions with the United States.

According to The Kobeissi Letter, Morgan Stanley has reduced its price target for Nvidia (NVDA) from $166 to $152. This adjustment is due to DeepSeek's AI innovations, which could potentially be deflationary, leading to export controls or reduced AI spending.