Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials.

The approvals mark a major reversal after April’s sweeping restrictions, imposed by the Trump administration, barred companies from selling certain advanced semiconductors to China. Those rules left Nvidia facing a $4.5 billion inventory write-down, as it had no alternative buyers for its H20 chips.

Nvidia CEO Jensen Huang says the US must win over global AI developers — especially the 50% in China — to lead the future of AI.

Amid strained bilateral relations, tech titan says many US-educated Chinese researchers are being lured home by vibrant market opportunities.

Now, let's consider Jensen Huang's recent move. The CEO sold shares of Nvidia from July 8 through July 10, and that follows a sale of shares from June 18 through June 23.

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.

Nvidia CEO Jensen Huang moved ahead of LVMH’s Bernard Arnault to become the world’s sixth-richest person as shares of the chipmaker rallied to an all-time high Tuesday, after the company said sales of its H20 AI chips would resume “soon” in China,