Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

The demand for Nvidia's data center GPUs is impossible to overstate. Between fiscal 2020 and fiscal 2025, the company's total revenue increased at a compound annual rate of 64%. And during the first quarter of fiscal 2026 (ended April 27), the top line soared 69% year over year to $44.1 billion.

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 4.2% in the afternoon session after the company confirmed it will resume sales of its H20 AI chips to China after receiving assurances from the U.

Nvidia shares surged as the chipmaker is expected to sell H20 AI chips to China after US export license assurance

Nvidia stock's surge looks poised to accelerate because investors' biggest concern about the company -- losing the Chinese data center AI chip market -- is now a non-issue.

A Pivotal Decision for Nvidia Nvidia (NASDAQ:NVDA) announced it had secured U.S. government approval to resume sales of its H20 artificial intelligence (AI) chips to China, which could propel the chipmaker’s financial trajectory forward on its path to a potential $20 trillion market valuation.

Nvidia Corporation's H20 GPU exports to China resume, unlocking billions in revenue and cash flow. Click for my updated look at NVDA stock after this news.

June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.