Key Points
- Beijing has prohibited Nvidia’s RTX 5090D V2 gaming chip, per Financial Times reporting
- The prohibition appeared on customs banned goods lists while Trump-Xi summit was underway
- CEO Jensen Huang attended the summit in person
- While marketed for gaming, the chip became popular among AI developers seeking access to Blackwell architecture
- The company reports fiscal Q2 results soon, with Wall Street forecasting $1.77 EPS and $78.97B in revenue
Beijing discreetly prohibited one of Nvidia’s consumer graphics chips during a period when both President Trump and the company’s CEO Jensen Huang were present in China for diplomatic discussions.
According to Friday reporting from the Financial Times, the RTX 5090D V2 appeared on China’s customs prohibition list for banned imports. Two sources familiar with the situation confirmed the development to the publication.
Shares of Nvidia (NVDA) declined 0.77% following the news.
The RTX 5090D V2 made its debut last August. Engineers developed it specifically to meet U.S. export restriction requirements while remaining viable for China’s consumer gaming sector.
Although the chip was positioned as a gaming product, developers working on artificial intelligence projects discovered they could leverage it to tap into Nvidia’s advanced Blackwell-based technology — a creative solution that likely drew scrutiny from Chinese authorities.
Huang’s participation in the Trump-Xi diplomatic meetings makes the ban’s timing especially notable. The company has not yet issued a statement regarding the prohibition.
CEO’s Recent Comments
During a Bloomberg TV appearance earlier in the week, Huang expressed confidence about future market access in China. “My sense is that over time, the market will open,” he stated.
Those remarks now carry additional significance in the wake of the chip prohibition disclosure.
Critical Earnings Release Imminent
This development emerges just before a crucial financial announcement. Nvidia plans to unveil its fiscal second-quarter performance following today’s market close.
Wall Street consensus calls for earnings of $1.77 per share. Revenue forecasts stand at $78.97 billion.
The RTX 5090D V2 prohibition introduces new questions ahead of the results, especially concerning the company’s revenue generation from Chinese markets.
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