Kristina Partsinevelos(@KristinaParts):Jefferies on $NVDA in China: hopes for more chip sales could disappoint. China's priority is making its own chips and to do that they need U.S. wafer fab equipment, a bigger bottleneck than the chips. Trump could use that leverage, requiring China to buy U.S. chips to access WFE.

2026.05.14 15:42

Jefferies on $NVDA in China: hopes for more chip sales could disappoint. China's priority is making its own chips and to do that they need U.S. wafer fab equipment, a bigger bottleneck than the chips. Trump could use that leverage, requiring China to buy U.S. chips to access WFE.

Kristina Partsinevelos@KristinaParts

2026.05.14 10:46

Reuters is confirming what I reported yday. Nvidia has licenses but no chips have moved. What they don't get into is why. At GTC, Huang told me $NVDA had purchase orders and approval from both govts. Then orders fell apart on the Chinese side. The ball is in China's court. Here: