Jensen Huang of Nvidia visited China in the midst of Trump's trade war against China and the world in general. This is a very sensitive time to make such a visit and its importance to the viability and well being of Nvidia cannot be underestimated. The visit would definitely be frown upon by Trump and his anti China hawks.
Big tech companies are crumbling. Nvidia, AMD, Intel, Micron, Qualcomm and Dutch ASML and Taiwan's TSMC are also badly affected. The growth of these companies is choked by the American regime, stopped from selling to their biggest customers. All the expansion plans would have to be halted. All the innovation of new and advanced chips would have a shrunk market to sell to. The effort would be wasted for the stupidest reasons imposed by the Washington regime.
Nvidia is losing $5 billion revenue per quarter from China. Intel just lost $100 billion as all its chip contracts to China has been cancelled. China is also the biggest customer of AMD, Intel, Micron, Qualcomm and selling to China is as good as gone forever. The joke is that Nvidia cannot sell its most advanced chips to China and has to compromise with a substandard chip to sell to China. It is like selling a Ferrari with a Toyota engine and expecting China to buy it.
With all the controls and sanctions, China is not taking it lying down. China has doubled up on its innovation to replace what the big techs are forbidden to sell to them and coming up with new products on their own. ASML's EUV machine costing billions cannot be sold to China is only part of the story. The bigger story is that China no longer needs them and ASML has just lost the China market. TSMC would eventually only have the American market to sell to, without China. All the big expansion plans for more plants in the USA would become white elephants, overcapacity but no big customer like China to pick up the chips.
Most of the big tech companies would have to downsize and cut jobs when the projected sales have hit a false ceiling, unable to sell to their biggest customer that could absorb a third of their production. This is gone for good. Who else can replace the China market? The American and European markets just can take in so much and nothing more. And they are not expanding unlike the Chinese market that has much more room to grow. They would all be replaced by Chinese big tech companies selling better and cheaper chips to the world.