Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.

China's Commerce Minister, Wang Wentao, recently met with Nvidia CEO Jensen Huang in Beijing to discuss artificial intelligence and advanced chip needs.

Today’s Forbes Daily covers potential Federal Reserve chair replacements, the wealthiest get richer off bitcoin, a new biotech billionaire, AI in medicine and more.

Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.

Jensen Huang, the chipmaker’s chief executive, is trying to balance his company’s interests as the United States and China compete for supremacy in artificial intelligence.

Nvidia's valuation has risen dramatically over the last two years since generative artificial intelligence became a mainstream topic.

Nvidia stock is jumping today following announcements that the Trump administration will allow the company's H20 processor and other hardware to be sold in China. The approval of the export licenses for the company's AI hardware is an unexpected development -- and a big win for CEO Jensen Huang.

Data center operators in China, which use Nvidia’s H20 chips to crunch data for various AI services, have been struggling to find a local alternative that is as good as the U.S. company’s chips.