Nvidia China Chip Sales: Jensen Huang Flew to Beijing With Trump — Does the $20B Wildcard Change Wednesday's Earnings?

# Nvidia China Chip Sales: Jensen Huang Flew to Beijing With Trump — Does the $20B Wildcard Change Wednesday's Earnings?

> **Quick answer:** Jensen Huang joined Trump's delegation to Beijing on May 13, 2026, meeting with Xi Jinping alongside Tim Cook and Elon Musk. The US had already approved H200 chip exports to roughly 10 Chinese companies — but Beijing has not cleared the imports, meaning no chips have actually shipped. Nvidia's May 20 earnings guidance of ~$78 billion explicitly excludes all China data center revenue. Any breakthrough on the Chinese side before or during the earnings call would be upside the market has not priced in.

Nvidia China chip sales have become one of the most closely watched variables in global markets heading into Wednesday's earnings report on May 20, 2026. Jensen Huang's unexpected appearance in Beijing with President Trump last week introduced a wildcard into an already high-stakes quarter — one that could either unlock a stalled $20 billion opportunity or confirm that the China chip trade remains frozen regardless of diplomatic summitry.

Here is what actually happened in Beijing, where the stalled H200 deal stands, and how to read the China variable before Wednesday's numbers drop.

## What Jensen Huang Was Doing on Air Force One

Jensen Huang was not originally on the manifest. CNBC reported on May 12 that Nvidia's CEO had been conspicuously excluded from Trump's China delegation — a diplomatic snub designed to avoid awkward conversations about chip export policy at a moment when the US and China were trying to reset relations.