Caroline Hyde

And Mike, we're talking about H200s in particular here, and it feels as though maybe Jensen thinks the ship has already sailed.

They're limited and wanting to focus on domestic, really.

Yeah, it's unclear exactly where things stand internally inside the administration on the H200 and whether Donald Trump will give the ultimate green light for those chips to be sold to China.

You'll remember just a few weeks ago before the holiday, we broke the news that administration officials have been deliberating this idea of allowing the H200 to be sold to China, to be exported to China.

And this would be a significant relaxation of the export controls that have been in place on

AI chips since 2022 and have really hampered NVIDIA's ability to sell into China, which is the world's second largest AI and chip market right now.

And it's something that he has made a priority, even though NVIDIA is not putting the China market on its forecasts or anything else.

Yet he's identified it as a $50 billion opportunity for the company.

Of course, Ed.

And this was actually a big portion of his visit to Washington.

It was another whirlwind day in the nation's capital for Jensen, who has become a regular here in Washington, both on Capitol Hill, but even more so at the White House, where he has forged that close bomb with President Donald Trump.

What NVIDIA has been trying to do is fend off this Gain AI Act, which would prevent

or make it at least very hard for NVIDIA to sell to China and other U.S.

adversary nations without explicit permission from the U.S.

government.

The company has argued that, look, we don't need these restrictions in place.

The Commerce Department already has the authority to do so.

And there is no competition between customers in China and the customers here in the U.S.

The bill also would have required the company to give first dibs to American buyers,

It looks like lawmakers are going to exclude this provision from must pass defense legislation that has to be done before the end of the year.