NVIDIA Can Sell AI Chip to China Again
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Nvidia (NVDA) gets US approval to ship H20 AI chips to China, reversing $4.5B loss & unlocking $15B sales. Jim Cramer backs long-term hold, $180 target.
This comes as US-China tensions ease, with China loosening rare earth exports and the US restoring chip design software access.
Data center operators in China, which use Nvidia’s H20 chips to crunch data for various AI services, have been struggling to find a local alternative that is as good as the U.S. company’s chips.
Nvidia has been an artificial intelligence leader and major winner over the past few years. On July 16, CEO Jensen Huang may address one of the company's biggest challenges. But Nvidia has encountered one major hurdle along this path,
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