Trump Backed Nvidia Diversion Crackdown, Axios Reports
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President Trump backed a crackdown on Nvidia chip diversion, Axios reported, though the Commerce Department denied a reported confrontation between Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick over the issue. The episode matters because it signals White House pressure to tighten enforcement of export controls on advanced AI chips, a key revenue driver for Nvidia. Watch for a formal Commerce export-control notice naming Megaspeed and any clarification of the Bessent-Lutnick dispute.
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Nvidia (NVDA), Trump, Commerce Department, Megaspeed, Lutnick, Bessent
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