Nvidia Gains China H200 Nod but Beijing Prefers AMD Chips

After President Trump’s May 13–15 Beijing summit, Nvidia CEO Jensen Huang reported that China’s market is opening gradually to U.S. AI suppliers. The week-long saga began with Huang’s initial exclusion from the delegation, followed by a last-minute personal invitation that placed him on Air Force One with Elon Musk. Markets reacted positively, lifting NVDA 9% for the week to close at $225.83. Analysts continue to model $78.6 billion in May 20 revenue while eyeing a potential $50 billion China opportunity, though reports now indicate Beijing is steering incremental demand toward AMD’s MI300 chips.