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Nvidia to resume H20 AI chip sales to China in US reversal

  • Nvidia plans to resume sales of its H20 AI chip to China after receiving assurances from US officials for export licenses.
  • The decision marks a reversal from previous restrictions imposed by the Trump administration and follows improved US-China relations.
  • The move is seen as a win for Nvidia's co-founder Jensen Huang and is positive for the company, Chinese tech firms, and US-China relations.
  • Nvidia's announcement led to a surge in Nasdaq futures and positive reactions in Hong Kong and Chinese stock markets.

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