Nvidia CEO Jensen Huang appeared to have scored big on Monday when the White House approved sales of his company’s H200 chips to China. But China may prefer Chinese-made chips—or smuggled ones.

The allegations reveal the failure of physical export controls and open a new front in the battle to end black-market chip sales.

Lenny Zéphirin, Principal and Analyst at The Zéphirin Group, says China has a “high chance” of winning the global AI race - not because it leads in infrastructure, but because it leads decisively in real-world AI applications,

Shipping chips from Taiwan to the U.S. to China would allow government to get 25% cut of sales.

In today's video, I discuss recent updates affecting Nvidia ( NVDA 1.23%) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of December 9, 2025. The video was published on December 9, 2025.

Donald Trump’s decision to allow Nvidia Corp. to sell advanced chips to China marks more than just a shift in US tech policy. It also raises questions about how far he’ll go to steady ties with Xi Jinping.