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Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.
Then, very suddenly, that all changed.

Late on Monday, the chipmaker said it received assurances that the US government would allow it to export some chips to the Asian nation. Advanced Micro Devices Inc., Nvidia’s chief rival, quickly followed with a similar announcement. These export license approvals could generate billions of dollars in total revenue for the companies this year — and they mark a dramatic reversal after the Trump administration said the issue wasn’t even up for debate.

Huang has taken almost every opportunity available to him — from the stage of tech events to Washington visits — to argue that a crackdown on China is counterproductive. During his appearances, he navigated a fine line between praising Trump policies aimed at bringing back chip manufacturing to the US and demanding more freedom to do business in China.
Just last week, Huang met with President Donald Trump at the White House.

Today's show features:
Bloomberg News US Semiconductor & Networking Reporter Ian King on the news that Nvidia and AMD can resume AI chip sales to China
Jayati Bharadwaj, Director in FX and EM Strategy at TD Securities on the US dollar’s reaction to June inflation data
David George, Senior Research Analyst at Baird on the initial wave of quarterly bank earnings
Bloomberg News Health Reporter Madison Muller on her Businessweek feature story on efforts by Hims & Hers Health to cash in on the GLP-1 drug craze

Watch Bloomberg Businessweek Daily every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Nvidia Corp.&rsquo;s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China &mdash; with little sign that his argument was swaying anyone. Then, very suddenly, that all changed. Late on Monday, the chipmaker said it received assurances that the US government would allow it to export some chips to the Asian nation. Advanced Micro Devices Inc., Nvidia&rsquo;s chief rival, quickly followed with a similar announcement. These export license approvals could generate billions of dollars in total revenue for the companies this year &mdash; and they mark a dramatic reversal after the Trump administration said the issue wasn&rsquo;t even up for debate. Huang has taken almost every opportunity available to him &mdash; from the stage of tech events to Washington visits &mdash; to argue that a crackdown on China is counterproductive. During his appearances, he navigated a fine line between praising Trump policies aimed at bringing back chip manufacturing to the US and demanding more freedom to do business in China. Just last week, Huang met with President Donald Trump at the White House. Today's show features:
<ul>
<li>Bloomberg News US Semiconductor &amp; Networking Reporter Ian King on the news that Nvidia and AMD can resume AI chip sales to China</li>
<li>Jayati Bharadwaj, Director in FX and EM Strategy at TD Securities on the US dollar&rsquo;s reaction to June inflation data</li>
<li>David George, Senior Research Analyst at Baird on the initial wave of quarterly bank earnings</li>
<li>Bloomberg News Health Reporter Madison Muller on her Businessweek feature story on efforts by Hims &amp; Hers Health to cash in on the GLP-1 drug craze</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Nvidia’s Huang Wins China Reprieve in Rare Trade War Reversal

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cb059eea-fb0e-4725-9364-b31b015aad96/transcript

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