And the crown jewel of this is Nvidia's AI chips, known as graphics processing units (GPUs). They drive key AI tasks such as training and inferencing -- and importantly, they are the world's most powerful and sought-after accelerators.

When President Donald Trump announced his tariffs on April 2, tech was one of the sectors hit the hardest. Billions of dollars in market value were lost in days, and Nvidia was among the most affected companies.

Nvidia CEO Jensen Huang arrived in Beijing on Thursday, said Yuyuan Tantian, a social media account associated with Chinese state broadcaster CCTV. Huang arrives at a time when the United States has put new restrictions on China-bound shipments of H20 datacentre GPUs,