Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Investing.com -- Chinese authorities summoned Nvidia Corp . (NASDAQ:NVDA) representatives to discuss alleged security vulnerabilities in its H20 artificial intelligence chips, according to a statement from China’s Cyberspace Administration (CAC).
The internet watchdog cited comments from U.S. lawmakers about installing tracking capabilities into advanced chips exported to other countries as a reason for the meeting. During the Thursday meeting, regulators asked Nvidia staff to explain potential risks and provide supporting documentation.
This regulatory action comes just weeks after Nvidia co-founder Jensen Huang completed a high-profile visit to Beijing, where he met with senior Chinese officials and praised local AI companies like DeepSeek. During his visit, Huang had denied that Nvidia installed backdoors in its products, stating that such practices wouldn’t make business sense.
The timing is particularly notable as it follows recent diplomatic progress between the U.S. and China. Officials from both countries met in Stockholm days ago to extend their tariff truce, with Chinese state media reporting the talks had "deepened mutual trust."
The Trump administration had recently pledged to drop export restrictions on the H20 chip to China, reversing its previous position on the AI component.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.