Nvidia to Resume China AI Chip Sales Amid U.S. Rare Earth Talks
Warning! GuruFocus has detected 4 Warning Signs with NVDA.
Shares of Nvidia rose 4% in New York after the announcement, while rival AMD (AMD, Financials), which also expects license approval for its MI308 chips, gained 7%.
According to the company, the United States has assured Nvidia that it will receive the necessary export licenses soon. Nvidia had previously projected a $15 billion revenue loss due to AI chip restrictions targeting China. The latest development follows Nvidia CEO Jensen Huang's meeting with President Donald Trump and comes ahead of his planned appearance at a supply chain expo in Beijing.
Nvidia said the H20 GPUs to be sold in China comply with existing U.S. regulations and lack the high-end processing capacity of versions sold elsewhere. Still, the chips remain compatible with Nvidia's proprietary AI software, widely adopted by developers worldwide.
Chinese companies including ByteDance and Tencent are reportedly preparing to place orders through a company-curated eligibility list. China contributed $17 billion in revenue to Nvidia in its last fiscal year, or 13% of total sales, according to the firm's annual report.
The move drew criticism from U.S. lawmakers, who said resuming advanced chip exports could undermine national security. Representative Raja Krishnamoorthi called the decision dangerously inconsistent, while Representative John Moolenaar vowed to seek clarification from the U.S. Commerce Department.
Analysts said the decision highlights the tension between commercial interests and geopolitical concerns. Nvidia's software lock-in remains a key selling point as Chinese firms continue to develop their own AI tools amid ongoing export curbs.
This article first appeared on GuruFocus.
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