Bloomberg Tech China Urges Local Firms to Avoid Nvidia H20 Chips
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Aug 12, 2025 
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, discusses the implications of China urging local companies to avoid Nvidia's H20 chips, particularly affecting giants like Alibaba and Tencent. Scott Ladner, CIO at Horizon Investments, provides insights into the global chip sector amidst rising semiconductor tensions. Jeremy Allaire, CEO of Circle, shares exciting news on the company's earnings surge and innovative plans for new products, indicating strong growth potential in the stablecoin market. The conversation also touches on Elon Musk's antitrust claims against Apple in the AI space.
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China Pushes Back On Nvidia H20s
- China reportedly asked firms like Alibaba and Tencent to cancel or delay orders for Nvidia H20 chips, creating immediate market volatility.
- That reaction complicates US-China tech deals and may limit chip demand despite recent US export permissions.
Revenue Split Raises Policy Concerns
- The White House deal letting Nvidia and AMD sell into China reportedly included a revenue split, raising questions about precedent and who benefits.
- Observers worry such ad-hoc revenue-sharing could become a model for future export controls and political leverage.
Read And React To Policy Volatility
- Investors should adopt a ‘‘read and react’’ posture when policy-driven volatility from Washington emerges.
- Focus on long-term AI fundamentals rather than short-term political noise when evaluating chipmakers.