Last week was rough for Nvidia in no small part because CEO Jensen Huang continued to talk about perhaps the one thing that isn’t going well for the $4 trillion company: China. The chip designer dropped more than 9% in the last four days of the week, its biggest such tumble since April 7, the three sessions that followed President Donald Trump’s Rose Garden tariff announcements on April 2. “Currently, we are not planning to ship anything to China,” Huang said on Friday while in Taiwan, per Reuters. As it relates to Blackwell chips, this is the equivalent of us saying that we have no plans to ship raw elephant ivory tusks to Canada. For starters, we don’t have any, and secondly, it wouldn’t be legal. On the H20 side, China simply does not want the nerfed chips; or more precisely, policymakers are not allowing their tech champions to act upon any potential desire to get their hands on those GPUs. As Huang noted, the ball is in China’s court here. It’s not clear that analysts were ever expecting much of a pickup in Nvidia’s China business, even after export restrictions on the H20 were lifted. #🇨🇳 ChinA.I. 🤖🧠🦾🤖 https://sherwood.news/mar..