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Nvidia, AMD to resume AI chip exports to China

  • Nvidia and AMD are set to resume the sale of artificial intelligence chips to China, causing their stock prices to rise.
  • The U.S. Commerce Department had previously banned such exports, leading the companies to develop scaled-down versions of their GPUs for the Chinese market.
  • Nvidia introduced the H20 chip, a slower version of its H100, while AMD unveiled the MI308 chip as a response to the export controls.
  • Investors reacted positively to the news, with Nvidia's shares rising more than 3.9% and AMD's up by 5.6%. Nvidia is filing applications to sell the H20 GPU again.

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