Stephanie Flanders

But Nvidia, again, used to sell a lot of chips into this market, used to be very, very important.

Jensen Huang has talked about how important it is, and they know that there's demand there for these chips, so he'd like to get back in.

And I think this is not, the H200s are not the end of the game here.

We know that some people in the Trump administration, including David Sachs, have advocated for selling even more NVIDIA chips into China.

And so we think that if this is going to move ahead, it's more symbolic of what the broader potential is in China for NVIDIA if they can make this happen.

Bloomberg's Peter Aylstrom, thank you very much.

Let's get more on that story.

Joanne Feeney, Partner and Portfolio Manager at Advisors Capital Management, long-time coverage of the chip industry.

Now, on the buy side of the table, Joanne, you yourself own some NVIDIA.

I feel like we've discussed different shades of this story many times over on this program with you.

But at this point, at this juncture, and based on the reporting that Peter just gave us,

Do you start to model in some upside for NVIDIA in the China market and thus think about your positioning on that stock?

As Jensen Wong has put it, it's a $50 billion per year market opportunity if they can go back to China, which is currently a net zero assumption.

That last bit you said, I really want the Joanne Feeney take on this.

In the White House, the consideration was if we don't sell any technology deprecated or otherwise into China, then there will be a vacuum, which the Chinese domestic players will occupy.

But there is still this national security and competition standpoint.

Where do you stand on that?

The administration looking at H200s.

The administration probably looking at the share fall of Intel today, Joanne.

Take us to your thoughts on the manufacturing, well, lackluster performance thus far from the company, it seems.