Nvidia Stock Gains on Trump Chip Export Review

Nvidia shares rose 3.6% following a Reuters report that the Trump administration had begun reviewing exports of Nvidia’s H200 chips to China, along with news that U.S. antitrust agencies cleared Nvidia’s investment in Intel, Grace O’Donnell reported for Yahoo Finance.

Nvidia has been pressing the Trump administration for months to approve shipments of its advanced chips to China. (Photo: Nvidia Facebook)

The rally put shares of the world’s most valuable company on track for a weekly gain, as investors viewed the developments as a sign President Donald Trump would follow through on his pledge to allow Nvidia to sell advanced chips to China in exchange for a 25% fee paid to the U.S. government.

According to Reuters, the U.S. Commerce Department sent license applications for the sale of Nvidia’s advanced chips to the State, Energy, and Defense departments, which will weigh in on the potential exports over the next 30 days.

Nvidia has been pressing the Trump administration for months to approve shipments of its advanced chips to China, a move that would significantly expand access to a key market for the company.