Nvidia Stock Rises 3.93% as H200 Chip Exports to China Advance
Nvidia's shares climbed nearly 4% as U.S. regulators moved closer to approving H200 AI chip exports to China. The Commerce Department has circulated license applications among federal agencies, signaling potential clearance for shipments to a market that could drive significant revenue growth in 2025.
The company bolstered its AI infrastructure capabilities through the acquisition of SchedMD, enhancing cluster management systems. Meanwhile, Micron's tight supply of high-bandwidth memory continues to support margins across the semiconductor sector.
Geopolitical risks linger despite the progress. Congressional scrutiny over technology transfers to China remains intense, creating uncertainty around the timeline for actual shipments. "The market is pricing in both the opportunity and the regulatory overhang," noted a semiconductor analyst.
