Jim Cramer's shouting "HUGE" for a reason – Nvidia Corp (NASDAQ:NVDA) just scored a major geopolitical win. After a months-long U.S. export ban, the Donald Trump administration has greenlit shipments of Nvidia's H20 AI chips to China, setting off a Wall Street celebration. Nvidia stock surged 4.47% pre-market to $171.40, and analysts are already eyeing $180 as the next stop.
Back in April, the H20 ban cost Nvidia $4.5 billion in stranded inventory and up to $15 billion in lost China sales. But CEO Jensen Huang's diplomatic maneuvering – including talks with U.S. and Chinese officials – flipped the script. Now, Chinese giants like TikTok parent ByteDance, Tencent Holdings ADR (OTCPK:TCEHY) and Alibaba Group Holding Ltd (NYSE:BABA) (NYSE:BABAF) are scrambling to lock in orders.
