Nvidia stock jumped 4.3% to $171.19 in early Tuesday trading, marking another all-time high for the stock. The move builds on the momentum that led Nvidia to become the first company ever to close with a market value of more than $4 trillion last week. The Nasdaq Composite and S&P 500 were up 0.7% and 0.2%.

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.

This comes as US-China tensions ease, with China loosening rare earth exports and the US restoring chip design software access.