Nvidia Shares Gain Amid Congressional Scrutiny of H200 Chip Exports to China
Nvidia shares climbed 2% as U.S. lawmakers demanded pre-approval briefings for its H200 AI chip exports. Senators Warren and Meeks seek disclosure of license applications, citing potential military risks and allied reactions.
The H200—Nvidia's second-most powerful AI processor—exceeds current export control thresholds. Delays could benefit cloud providers in Japan and Australia as they position to capture unmet demand.
Investors remain bullish on Nvidia's AI dominance despite regulatory headwinds. The stock's performance reflects confidence in the company's ability to navigate geopolitical tensions while maintaining technological leadership.