<div id="readability-page-1"><div><div><p>On Tuesday, <strong>Daniel Newman</strong>, CEO of <strong>Futurum Group</strong>, dismissed the idea that China can move on without Nvidia Corporation <span>NVDA</span>.</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><h2><strong>Dan Ives Backs Futurum CEO On Nvidia's China Push</strong></h2><p>Taking to X, formerly Twitter, Newman said, &#34;$NVDA looks to be advancing efforts to bring the B30, a ‘China Ready' Blackwell to market. The whole ‘China doesn't want/need NVIDIA' is next level nonsense. Don't believe it.&#34;</p><p><strong>Wedbush</strong> analyst <strong>Dan Ives</strong> quickly chimed in with a fiery emoji reply, signaling agreement that Nvidia's role in China remains critical.</p><h2><strong>What Is Nvidia's China Strategy</strong></h2><p>Newman's statement came after it was reported that Nvidia is developing the<strong> B30A</strong>, a new AI chip tailored for China. Built on the company's advanced <strong>Blackwell</strong> architecture, the chip will feature a single-die design with about half the computing power of the flagship <strong>B300</strong>.</p><p>It could also offer more performance than the <strong>H20</strong> chip, which U.S. regulators currently allow for sale in China. Moreover, it also includes high-bandwidth memory and NVLink connectivity, core features from previous models.</p><p>The company aims to ship test samples to Chinese customers by September 2025. China accounted for 13% of Nvidia's fiscal 2024 revenue, making it one of the company's most important markets.</p><h2><strong>US Restrictions And Trump's Export Deal</strong></h2><p>Nvidia's expansion comes against a tense political backdrop. In April, the company faced a ban but regained approval in July to sell the H20 model.</p><p>President <strong>Donald Trump</strong> has since indicated his administration will permit scaled-down AI chips in China, provided Nvidia and AMD agree to give back 15% of their Chinese chip revenues to the U.S. government.</p><p>Both companies reportedly accepted the deal, sparking criticism from national security experts who warn the chips could still aid China's military.</p><h2><strong>Chinese Rivals And DeepSeek's Setback</strong></h2><p>Nvidia also faces rising competition from companies like <strong>Huawei Technologies</strong> and <strong>Cambricon</strong>, as Beijing pushes companies to adopt domestic chips. However, China's local hardware continues to lag.</p><p>Chinese AI startup <strong>DeepSeek</strong> reportedly delayed the launch of its <strong>R2</strong> model after persistent technical failures with Huawei's <strong>Ascend</strong> processors. The firm was forced to rely on Nvidia GPUs for training while using Huawei chips only for inference tasks.</p><p><strong>Price Action: </strong>On Tuesday, Nvidia shares slipped 3.50% during regular trading and edged down another 0.34% in after-hours, settling at $175.04 at the time of writing, according to Benzinga Pro.</p><p><strong>Benzinga's Edge Stock Rankings</strong> indicate that NVDA maintains a strong upward trajectory across short, medium and long-term horizons. Additional performance details are available here.</p><ul> <li><strong>AMD CEO Lisa Su Says China Strategy Rebounding As MI308 AI Chips Await US License: ‘Better Position Than We Were Ninety Days Ago’</strong></li> </ul><p><em>Photo Courtesy: Saulo Ferreira Angelo on Shutterstock.com</em></p></div></div></div>

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<p>Futurum CEO Daniel Newman refutes claims that China can thrive without Nvidia, emphasizing the company's critical role in the market. Nvidia is developing the B30A AI chip for China, aiming to ship samples by September 2025. Despite US restrictions, Nvidia's revenue from China is significant, accounting for 13% of its fiscal 2024 earnings. The company faces competition from local firms but continues to lead in AI technology. Nvidia shares fell 3.50% on Tuesday, yet maintain a strong long-term outlook according to Benzinga's rankings.</p>

- Daniel Newman, CEO of Futurum Group, emphasized the importance of Nvidia in China, countering claims that the country can thrive without the company.  
- Nvidia is developing the B30A AI chip for China, which is expected to outperform the H20 model and is set for testing by September 2025.  
- Despite facing competition from local firms and political challenges, Nvidia remains a key player in the Chinese market, contributing 13% to its fiscal 2024 revenue.

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China Doesn't Need Nvidia? Futurum CEO Calls That 'Next-Level Nonsense' — Dan Ives Reacts With A Fiery Response