Nvidia Corporation (NVDA) shares moved higher Monday after reports surfaced suggesting the US Department of Commerce will soon permit the company to export its H200 chips to China.
What's Behind the Move?
According to Semafor, the White House is planning to direct the Commerce Department to greenlight exports of Nvidia GPUs that trail the company's most advanced chips by roughly 18 months. This policy shift would open the door for H200 chip shipments to China.
The decision could provide a meaningful boost to Nvidia's revenue by restoring access to one of the world's largest markets for its semiconductor technology, the report noted.
Commerce Secretary Howard Lutnick has signaled that the final call belongs to President Trump. A source familiar with the matter told The Scoop that Lutnick backs the approach, though a Commerce spokesperson declined to comment on the reports.
Price Action: At the time of writing, Nvidia shares were trading 0.93% higher at $184.10, according to data from Benzinga Pro.
