Nvidia’s business in China will be the focus of investors when the AI chipmaker reports earnings on Wednesday, following an unusual deal with the Trump administration and Beijing’s subsequent efforts to stall imports.

Caught in the crossfire of Washington and Beijing’s ongoing trade war, the fate of Nvidia’s China business hangs on where the world’s two largest economies land on tariff talks and chip trade curbs.

The artificial intelligence chip pioneer recently agreed to pay the U.S. federal government 15% of the sales it made it China in exchange for export licenses, a move that has drawn bipartisan criticism.

Beijing—despite huge appetite for Nvidia’s chips in China—has urged domestic companies to limit purchases over apparent security concerns.

Reports have emerged that Nvidia has

See Full Page