Key Highlights
- Financial Times reports China has blacklisted Nvidia’s RTX 5090D V2 gaming chip
- The prohibition appeared on customs banned goods list during Trump-Xi diplomatic meetings
- Jensen Huang, Nvidia’s CEO, attended the summit in China
- The chip targeted Chinese gamers but AI developers were reportedly utilizing it as well
- Fiscal Q2 results approaching with Wall Street forecasting $1.77 earnings per share and $78.97B in revenue
In a significant development, China has discreetly prohibited one of Nvidia’s gaming processors while both President Trump and CEO Jensen Huang were attending diplomatic discussions in the country.
According to a Friday report from the Financial Times, the RTX 5090D V2 appeared on China’s customs list of restricted imports. The publication referenced two sources familiar with the situation.
Shares of Nvidia (NVDA) declined 0.77% following the disclosure.
The RTX 5090D V2 made its debut last August. The processor was engineered specifically to meet U.S. export restrictions while simultaneously catering to Chinese gaming enthusiasts.
Although positioned as a gaming product, the chip had reportedly been utilized by artificial intelligence developers seeking access to Nvidia’s Blackwell-based technology — a tactical application that likely drew Beijing’s scrutiny.
Huang’s participation in the Trump-Xi summit schedule makes the ban’s timing notably conspicuous. Nvidia has not yet issued a statement regarding the matter.
CEO’s Recent Remarks on China
During a Bloomberg TV interview earlier in the week, Huang expressed confidence about Chinese market accessibility. “My sense is that over time, the market will open,” he stated.
This declaration now carries additional weight in context of the reported chip prohibition.
Upcoming Financial Results
The development arrives just ahead of a critical financial announcement. Nvidia plans to unveil its fiscal second-quarter performance following market close.
Wall Street anticipates earnings of $1.77 per share. Revenue projections stand at $78.97 billion.
The RTX 5090D V2 prohibition introduces additional uncertainty surrounding the earnings release, especially concerning revenue streams from China.
