US S&P 500, Nasdaq, and Dow futures fell 0.35‑0.5% after Trade Rep Jamieson Greer said chip export controls weren’t discussed in Trump‑Xi talks.
Nvidia’s AI H200 chip approval for ten Chinese firms remained undelivered, causing its stock to drop 0.7% despite earlier record highs.
TSMC surged 4.5% as it projected the global semiconductor market to exceed $1.5 trillion by 2030, driven by AI demand.
Trump and Xi will meet again Friday, expected to discuss trade tariffs, AI, Taiwan and US arms sales amid broader geopolitical tensions.