Nvidia (NASDAQ: NVDA) is inching up in pre-market trading on Tuesday, December 9, with new NVDA price targets coming in following President Trump's approval of H200 processor shipments to select customers in China.
Ultrapure water is scarce and Big Tech needs enormous amounts of it for AI and semiconductors.
Nvidia got the green light from President Donald Trump to sell its more advanced H200 AI chip to China. But there are questions over whether Beijing will want to buy them given its drive for self-sufficiency.
Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 2.08% over the past five trading sessions after gaining 0.27% the five prior.
Two Chinese men were detained for allegedly smuggling Nvidia chips to China and other restricted locations. A Houston-based company and its owner have already pleaded guilty to routing Nvidia hardware through shell buyers.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) shares rose 2.3% in after-hours trading and are set to open strongly on Tuesday after President Trump cleared the way for the chip maker to resume selling advanced artificial intelligence processors to China. The move marks a major win for Nvidia and its chief executive Jensen Huang, who has spent months pressing the White House to relax restrictions that had barred sales of the company's top-end chips to Chinese customers on national security grounds.
U.S. President Donald Trump announced Nvidia will be able to sell a more advanced H200 chip to China. Several analysts were quick to point out this move would help boost China's AI capabilities.
While it's a positive development, it's critical to realize that splits aren't an explicit buy signal, as investors should instead focus on underlying business fundamentals.
Two Chinese men are in custody for allegedly smuggling Nvidia H100 and H200 chips to China, the U.S. Justice Department said on Monday, as President Donald Trump gave the green light for Nvidia to export its H200 chips to Beijing.
Trump partially reverses Biden-era restrictions, allowing NVIDIA to export H200 AI chips to China under national security conditions in major policy shift.
Allowing the shipments could signal a friendlier approach to China, after Trump and Xi brokered a truce in the two countries' trade and tech war in late October.
Nvidia previously pegged lost China revenue at $8 billion a quarter, and that was for a scaled-down chip.