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Fortune

Diane Brady

There’s one small problem with Trump’s export deal with Nvidia and AMD: The Constitution says it’s illegal

AMD Nvidia Fortune Diane Brady Donald Trump Scott Bessent IBM the Supreme Court

Donald Trump looks on at Jensen Huang, who is speaking in front of a podium. (Credit: Ken Cedeno/UPI/Bloomberg—Getty Images)

In today’s CEO Daily: Diane Brady on Nvidia and AMD’s export deal—which may be unconstitutional.
The big story: Trump meets Putin tomorrow, expectations are low.
The markets: Flat.
Plus: All the news and watercooler chat from Fortune.

Good morning. The U.S. government’s unprecedented 15% revenue-sharing agreement with Nvidia and AMD on Chinese chip sales could be coming to a company near you. U.S. Treasury Secretary Scott Bessent called it a “beta test” in a Bloomberg TV interview yesterday, adding, “we could see it in other industries over time.”

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