Trump to Discuss Nvidia Blackwell Export Curbs with Xi at APEC
President Donald Trump will discuss easing U.S. export restrictions on Nvidia Blackwell chips with Chinese President Xi Jinping at the APEC summit. He told CNBC aboard Air Force One he may approve a reduced-capability Blackwell chips model, following July’s clearance of H20 GPUs to China. Nvidia stock jumped nearly 2% in U.S. after-hours trading on the prospect of relaxed curbs. At the same APEC summit, officials will also address fentanyl imports, rare-earth export controls and U.S. agricultural issues amid a truce set to expire on November 10 with 100% tariffs threatened if no deal is reached.
Neutral
While eased export curbs on Nvidia Blackwell chips could improve GPU supply for mining certain cryptocurrencies, the immediate effect on major token prices is limited. GPU availability influences miners’ hardware costs but does not directly drive spot market demand for crypto assets. In the short term, improved GPU access might lower mining expenses and marginally enhance network capacity for GPU-mined coins. Over the medium to long term, however, broader factors—such as regulatory developments and macroeconomic trends—remain the primary drivers of crypto market performance, rendering this news neutral for traders.