U.S. Greenlights Nvidia’s H20 AI Chip Exports to China, Shares Jump 5%
Nvidia confirmed it has received U.S. export licenses for the H20, a China-specific AI GPU designed to comply with October 2024 controls. News of the approval sent the stock up more than 5 % in Thursday trading, adding roughly $120 billion to the company’s market value.
The H20 offers lower interconnect bandwidth than Nvidia’s flagship H100 but still powers large-language-model training; analysts estimate China demand could top $5 billion annually after earlier curbs cost the company a $4.5 billion sales hit. CEO Jensen Huang reportedly secured the go-ahead in a recent White House meeting, easing fears that Huawei would monopolize the mainland AI-chip market.
Rivals AMD and Intel also rallied on hopes their own export-compliant chips will clear regulators, while Chinese giants ByteDance and Tencent rushed to place provisional orders. Investors now eye whether fresh tariffs or geopolitical flare-ups could disrupt shipments again, but for the moment Nvidia has regained a lucrative foothold in the world’s second-largest AI market.
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