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Nvidia's valuation is bounding to a new record high today following announcements that the Trump administration will allow the company to ship its H20 processors to China. The company also said that it has designed a separate, less powerful processor that meets all current regulatory requirements for sale in the country.
Washington has been concerned China could use Nvidia’s chips to get a jump on the U.S. in high-tech fields, particularly when it comes to artificial intelligence.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Nvidia investors have been concerned about the loss of sales to an important market. The company announced it would resume AI chip sales to China after a pending approval from the Trump administration.
Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.
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Stocktwits on MSNElizabeth Warren Slams Nvidia, Trump Administration Over Resumed H20 Chip Sales To ChinaSenator Elizabeth Warren called out the Trump administration on Wednesday for allowing Nvidia Corp. (NVDA) to resume selling its H20 AI chips to China, just months after banning them. “We should be advancing American tech dominance and national security,
Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.
Nvidia stock fluctuated Thursday as the Trump administration said it plans to repeal AI chip export restrictions put into place under former President Biden.The AI chipmaking giant's stock had ...
There are many ways that policies implemented in a second Trump administration could impact Nvidia. Let's look at four of Trump's proposals that could be especially relevant. First, the former ...