After Nvidia (NVDA) disclosed that it would take a $5.5 billion charge related to new restrictions on its export of AI chips to China, Olivier Blanchard, the research director of The Futurum Group, told Schwab Network that the Trump administration might largely eliminate these additional measures in the near-to-medium term.

And later in the year, clarity will likely emerge on the tariffs that impact chip makers, while some companies in the sector will be able to improve their situations vis-a-vis the tariffs, Blanchard believes.

A Potential Return to the Previous Status Quo

The Trump administration has forced NVDA to obtain export licenses for chips that it was previously able to send to China without receiving such authorizations, Blanchard noted. But "in the next few weeks," the administration may provide "carve outs...for those types of chips" to companies, effectively returning the situation to the previous status quo, he said.

In a point that may be related, Blanchard stated that, "Nvidia has tremendous influence and a lot of cards to play."

Some Firms Will Be Able to Lower the Impact of Tariffs, Restrictions

"By the summer or fall, everything will be settled, and we'll have more clarity on tariffs (on the chip sector) and where supply chains are going," according to Blanchard. Moreover, "some" chip makers will be able to obtain "carve outs and special deals" from the Trump administration by that point, he predicted.

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Disclosure: None. This article is originally published at Insider Monkey.