Wedbush’s Dan Ives says Trump–Xi talks spotlight AI supply chains and U.S.–China chip policy

Wedbush’s Dan Ives cast this week’s meeting between President Donald Trump and China’s Xi Jinping as a pivotal moment for the AI economy, with chip export policy and supply chains topping the agenda. The U.S. delegation includes Nvidia’s Jensen Huang, Tesla’s Elon Musk and Apple’s Tim Cook—an executive lineup Ives says underscores the stakes for semiconductor access and the broader AI stack. Nvidia’s most advanced chips face tightened U.S. restrictions in China, while Beijing pushes domestic alternatives, raising questions about market share and global AI rollout. Ives expects “constructive” progress on export controls and cooperation that could aid networking, cloud and software players as enterprise adoption accelerates. Broader topics—trade imbalances, Taiwan and Iran—are also on the table alongside a potential bilateral trade and investment board.

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