China, NVIDIA and H20
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Nvidia's H20 GPUs to resume shipments in China, boosting revenue; Needham analyst raises price forecast to $200 and sees strong demand for new Blackwell variants.
The U.S. House Select Committee on China has expressed concerns about the Trump administration's decision to allow Nvidia ( NASDAQ: NVDA) to resume shipments of its H20 AI chips to China.
Nvidia stock surged 4.47% in pre-market trading after the U.S. government cleared the company to resume H20 AI chip exports to China. This greenlight could recover billions in lost revenue after Nvidia took a $4.