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.