Nvidia Resumes AI Chip Sales in China, Stock Surges 4%
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BTCCSquare news:
Nvidia shares climbed 4% to $170.75 after announcing the resumption of AI chip sales in China, with US regulators approving export licenses for its H20 processors. The chipmaker's stock had previously closed at a record $164.92 last week as investors anticipated renewed access to the critical Chinese market.
CEO Jensen Huang's recent visit to China underscores Nvidia's strategic focus on the region, coinciding with plans to launch a China-specific AI chip. Wedbush analyst Daniel Ives described the export restriction removal as a "watershed moment" for both Nvidia and the broader AI industry.
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