Caroline Hyde

But then when reports hit that China would move

With its own restrictions on how and why and which companies could have access to that technology, the gains fizzled and the same can be applied to both AMD and Intel.

Let's stick with the Nvidia story as you look at that two-day chart of the stock and the big jump that led to a big fade.

Let's bring in Bloomberg's Ian King, who leads our coverage of semiconductors.

That's the news broadly.

What else do we need to know about the calculus of America's decision to allow

H200 in particular to go to China in certain circumstances and whether or not China wants it?

We know that the articulated total addressable market is $50 billion for Jensen Huang, but what does the H200 bring that the H20 doesn't?

How much better is it?

So there is the what happens next.

China has two domestic players, maybe three, that have AI accelerators.

They are not as performant as H200, we think.

But the main issue for China is also the supply constraint and manufacturing.

Explain that part of the story.

Ian, quickly, just when I reference age 20, the 15% never went to the government because that was never signed off legally.

Do we know whether the age 200, yes, got a true social, but will it be signed off legally by the US at least?

Thank you, Ian King.

Now, let's discuss the broader impact now on the tech markets.

We bring in Ipek Oskar Deshkaya, which is analyst at SwissQuote.

Ipek, what do you make of this potential for NVIDIA, at least, and whether or not China will indeed import?