NVIDIA to Resume China Chips Sales
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NVIDIA can start selling its H20 AI GPU to China again after gaining approval to do so from the US government.
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.
Nvidia stock surged 4.47% in pre-market trading after the U.S. government cleared the company to resume H20 AI chip exports to China. This greenlight could recover billions in lost revenue after Nvidia took a $4.
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.
This comes as US-China tensions ease, with China loosening rare earth exports and the US restoring chip design software access.