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Benzinga
Benzinga
Business
Chandrima Sanyal

Nvidia's China Chip Deal Signals New Tailwind For Chip And AI ETFs

Nvidia ANd China ETF United States ByteDance Nasdaq NVDA Sydney Morning Herald
Nvidia in China

Nvidia (NASDAQ:NVDA) stocks jumped over 4% in Monday trading after investors rushed in on word that the company may once again be able to sell its high-powered H20 AI chips to China. The U.S. government is reportedly set to issue licenses enabling Nvidia to ship billions of dollars’ worth of GPUs to Chinese technology behemoths such as ByteDance and Tencent (OTCPK: TCEHY), potentially restoring up to $20 billion in lost revenue, according to Reuters.

Also Read: Nvidia Growth Estimates Get 10% Boost As US Lifts China Chip Export Curbs: Gene Munster Predicts 30-35% Growth For 2026

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