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Nvidia and AMD are reportedly lobbying the Trump administration to pressure Congress into dropping China chip export restrictions from the annual defense policy bill, according to a Politico report published September 29. The push targets provisions tied to the AI OVERWATCH Act and changes to the Chip Security Act — and comes just as Nvidia CEO Jensen Huang heads to a White House AI meeting with President Trump and House Speaker Mike Johnson.
What happened
Per the report, the two chipmakers want China-related curbs stripped out of the NDAA defense bill. Their argument: overly broad restrictions could accelerate China’s domestic AI chip development while shutting US companies out of the Chinese market. Lawmakers including Senator Elizabeth Warren are pushing the opposite way — for tighter limits on China’s access to advanced AI chips.
Both NVDA and AMD shares edged up about 0.8% in premarket trading Tuesday, bouncing after two straight down sessions. The bounce suggests traders view the lobbying effort as at least neutral-to-positive for the stocks. Spokespeople for Nvidia and AMD had not responded to requests for comment.
- 0.8% — premarket gain for both NVDA and AMD shares Tuesday
- 2 — consecutive down sessions before Tuesday’s bounce
- 3 — expected attendees at Tuesday’s White House AI meeting: Huang, Trump and House Speaker Mike Johnson
Why it matters
This is the central tension in US chip policy right now. Export curbs aim to slow China’s AI progress, but the industry warns they could instead seed a self-sufficient Chinese chip ecosystem — while costing American firms access to the world’s largest semiconductor market. How Washington resolves that trade-off will shape the revenue outlook for the two biggest AI chip names for years.
What to watch
Watch for signals out of Tuesday’s White House meeting, and whether the NDAA’s China chip language softens as Congress finalizes the defense bill. Also watch how Nvidia repositions its own China footprint under existing curbs.
Related reading: Nvidia halts China H200 output, shifts TSMC capacity to Vera Rubin
Related reading: Nvidia weighs anchor stake in Anthropic IPO
Source: Politico report via Stocktwits
Auto-posted by the Bull Lounge news desk.
Not financial advice.Do you think Washington should soften chip export curbs to keep Nvidia and AMD competitive in China — or would easing up hand Beijing an advantage? Share your take below.
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