NVIDIA to Resume China Chips Sales
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US tech giant Nvidia announced Tuesday it will resume sales of its H20 artificial intelligence chips to China after Washington pledged to remove licensing restrictions that had halted exports.
NVIDIA can start selling its H20 AI GPU to China again after gaining approval to do so from the US government.
Nvidia: H20 export reinstated, bolstering the $200 by this year-end bull case and reviving the China growth story.
A Pivotal Decision for Nvidia Nvidia (NASDAQ:NVDA) announced it had secured U.S. government approval to resume sales of its H20 artificial intelligence (AI) chips to China, which could propel the chipmaker’s financial trajectory forward on its path to a potential $20 trillion market valuation.
Nvidia (NASDAQ: NVDA) shares surged 4% to close at $170.70 on Tuesday, outpacing broader market indices as investors responded positively to news about graphics processing unit (GPU) exports to China resuming.
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