The Rundown Trump Approves Nvidia’s H200 chips to China; Google Teases AI Glasses
11 snips
Dec 9, 2025 The market shows intriguing moves as the 10-year Treasury yield climbs, hinting at potential inflation risks. Trump greenlights Nvidia's H200 chips for China, albeit with a hefty revenue cut for the U.S. Meanwhile, Google hints at launching smart glasses in 2026, vying to capture consumer interest in wearable tech. Ares Management celebrates a spot in the S&P 500, while Toll Brothers struggles with soft housing demand. And in entertainment, Netflix rolls out a live mobile game show, aiming to boost user engagement.
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10-Year Yield Risks Mortgage Relief
- The 10-year Treasury yield is rising to 4.17% despite markets pricing a high chance of Fed rate cuts.
- Rising long-term yields can keep mortgage rates high even if the Fed cuts short-term rates.
Nvidia's China Door Reopens
- Allowing Nvidia's H200 chips to China reopens a massive revenue opportunity after China went from 14% to nearly zero of Nvidia sales.
- The U.S. will take a 25% cut of those sales, creating a unique policy-driven revenue-sharing dynamic.
Trade-Off: Commerce Versus Capability
- Reauthorizing H200 exports risks accelerating Chinese AI capabilities while also preventing them from simply buying more advanced chips from Huawei.
- The move forces a strategic trade-off between commercial gains for Nvidia and national security concerns.