China, Trump and NVIDIA
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Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.
NVIDIA's H20 AI GPUs are once again allowed to be sold in China following a reversal of restrictions by the Trump administration, and NVIDIA's CEO claims it wasn't he who changed the US President's mind.
The S&P 500's spring sell-off was fast and unexpected, sparking fear that trade war uncertainty would serve as a catalyst for stagflation or outright recession. As a result, many investors sold top performers, including Nvidia, before a massive post-sell-off run higher.
CNBC’s Deirdre Bosa joins 'Money Movers' to discuss the impact of Nvidia's return to China with H20 chips. Witnesses describe Felix Baumgartner’s final moments as paraglider spun out of control
After Tesla boss Elon Musk and Apple CEO Tim Cook fell out of favour with US President Donald Trump, Nvidia CEO Jensen Huang has emerged as a key player in easing tensions between the United States and China amid ongoing trade war and geopolitical tensions.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Chipmaker, Netflix Loom After Trump-Powell Blip; Ferrari Breaks OutDow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. United AirlinesUAL reported mixed results late Wednesday. NvidiaNVDA chipmaker Taiwan SemiconductorTSM headline earnings early Thursday with NetflixNFLX due after the close.
The tech giants said they can resume selling high-end semiconductors to China, in what appears to be a major about-face for the Trump administration.