Trump-Xi summit signals potential thaw in U.S.-China tech tensions. The high-level meeting between President Donald Trump and Chinese President Xi Jinping has sparked optimism among investors that trade discussions could ease semiconductor export restrictions and tariff escalations. Reports indicate Washington has cleared sales of Nvidia's H200 AI chips to major Chinese technology firms, a significant development for companies previously constrained by U.S. chip export controls. Goldman Sachs expects the summit could act as a tactical catalyst for Chinese equities and the yuan, though analysts caution against expecting a sweeping agreement. Chinese tech stocks have significantly underperformed U.S. peers during the AI boom, making access to advanced chips critical for competition.
