Nvidia Rises As Trump OKs H200 AI Chip Sales In China
President Donald Trump said late Monday that the U.S. will let Nvidia (NVDA) sell its H200 artificial intelligence chip to "approved customers" in China in exchange for a 25% cut of the sales. President Xi Jinping "responded positively" to the plan, Trump wrote in a Truth Social post.
Nvidia stock rose modestly late Monday. Advanced Micro Devices (AMD) and Intel (INTC), also were eligible to sell advanced chips under the same conditions, edged higher. So did Taiwan Semiconductor (TSM), which makes Nvidia and AMD chips.
It's a big win for Nvidia CEO Jensen Huang, who has lobbied hard to sell more-powerful chips to China, regaining access to a massive market. Huang had pushed for permission to sell its cutting-edge Blackwell chips. Trump said Blackwell chips and the upcoming Rubin GPUs will not be allowed.
A prior Trump administration plan to let Nvidia sell more-limited, China-specific H20 chips faltered due to Beijing's opposition, resulting in no demand from Chinese customers. Trump's statement that President Xi "responded positively" suggests that China will be more open to the H200 AI chips.
Nvidia Stock
Nvidia stock rose 2.2% to 189.62 late Friday, signaling a move above the 50-day moving average. NVDA stock advanced 1.7% to 185.55 in Monday's regular session amid reports that the Trump administration would OK H200 chip sales to China.
A decisive clearing of the 50-day line would offer an early entry in an emerging base, both from the 50-day and breaking a downtrend.
AMD stock advanced 1.6% overnight, near the 50-day line. Shares climbed 1.4% to 221.11 in Monday's session.
Intel stock edged up 0.6% in extended action. Shares fell 2.7% to 40.30 on Monday.
Taiwan Semiconductor stock climbed nearly 1% in overnight trade. Shares rose 2.4% to 301.87, actionable from the 50-day line. TSM stock has a 310.12 double-bottom base buy point. TSMC is on SwingTrader.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
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