Nvidia's stock is surging as the U.S. government permits the resumption of AI chip sales to China, including the H20 GPU. This decision aims to recover over $10 billion in lost revenue, according to CEO Jensen Huang. Nvidia is also introducing a new RTX Pro chip compliant with U.S. export regulations. The stock closed at a record high of $170.70 on Tuesday, and is up 22% this year. AMD's stock is also up, reflecting confidence in the AI chip market. Zhou Chaonan, chairman of Range Intelligent Computing Technology Group, saw her company's shares increase as Chinese data centers utilize Nvidia's H20 chips for AI services. Other data center service providers like Beijing Sinnet Technology and GDS Holdings also experienced stock increases. Beyond Nvidia, Micron Technology is emerging as a key player in AI, providing high-bandwidth memory (HBM) and advanced NAND solutions for AI data centers. Oracle is investing $3 billion in AI and cloud infrastructure in Europe, allocating $2 billion to Germany and $1 billion to the Netherlands, to meet growing demand and comply with EU data regulations. CoreWeave plans to invest up to $6 billion in an AI data center in Lancaster, PA, creating 600 skilled jobs. ProductNow, an AI platform for product teams, secured $6 million in seed funding to unify product workflows, integrating with existing tools used by teams from companies like Microsoft and Google.
Key Takeaways
- Nvidia's stock is rising after the U.S. government approved the resumption of AI chip sales, including H20 GPUs, to China.
- Nvidia aims to recover over $10 billion in lost revenue from the export ban.
- Nvidia is introducing a new RTX Pro chip to comply with U.S. export rules.
- Micron Technology is a key player in AI, providing memory and storage solutions for AI data centers.
- Oracle is investing $3 billion in AI and cloud infrastructure in Germany ($2 billion) and the Netherlands ($1 billion).
- CoreWeave plans to invest up to $6 billion in an AI data center in Lancaster, PA.
- ProductNow, an AI platform for product teams, has raised $6 million in seed funding.
- Zhou Chaonan's company, Range Intelligent Computing Technology Group, saw shares increase due to Nvidia's resumed H20 AI chip sales to China.
- Nvidia's stock closed at a record high of $170.70 on Tuesday.
- AMD's stock also rose, reflecting confidence in the AI chip market.
Nvidia stock jumps as US allows AI chip sales to China
Nvidia's stock increased by 4.47% after the U.S. government approved the company to resume selling H20 AI chips to China. This decision could help Nvidia recover billions of dollars in lost revenue. AMD stock also rose by 3.18% as confidence in the AI chip market grows. Nvidia's new RTX Pro chip, designed to meet U.S. export rules, will also help its strategy in China.
Nvidia restarts China sales with H20 chip and new RTX Pro
Nvidia will start selling its H20 GPU in China again. They also introduced a new RTX Pro chip that follows U.S. export rules. The U.S. government has assured Nvidia that it can sell the H20 chip in China. Nvidia CEO Jensen Huang met with President Donald Trump before this decision. Nvidia's stock is up 22% this year, and the new developments in China could help it rise even higher.
Nvidia stock soars as AI chip exports to China resume
Nvidia's stock rose sharply after the U.S. government said it would allow the company to ship AI chips to China again. The export ban had cost Nvidia over $10 billion in revenue, according to CEO Jensen Huang. Nvidia's stock increased by more than 5% in pre-market trading. The company said it is applying to sell the NVIDIA H20 GPU again and hopes to start deliveries soon.
Nvidia stock hits record high as China sales set to resume
Nvidia's stock jumped over 4% after announcing it would apply to resume sales of its H20 GPUs in China. The U.S. government has assured Nvidia that licenses will be granted. A previous ban on these sales had cost the company billions. Nvidia has been creating less powerful versions of its AI chips to meet U.S. export rules. Nvidia stock closed at a record high of $170.70 on Tuesday.
Nvidia chip sales news boosts wealth of Chinese data center billionaire
Zhou Chaonan, the billionaire chairman of Range Intelligent Computing Technology Group, saw her company's shares increase due to Nvidia resuming H20 AI chip sales to China. Data center operators in China use Nvidia's H20 chips for AI services. Zhou's company's shares rose as much as 9.8% following Nvidia's announcement. Other data center service providers like Beijing Sinnet Technology and GDS Holdings also saw their stocks jump.
Is Micron the next big AI stock after Nvidia?
Nvidia's market value has reached $4 trillion, making it a leader in AI hardware. Micron Technology is also a key player in the AI world, specializing in memory and storage. Micron provides high-bandwidth memory (HBM), DRAM, and advanced NAND solutions for AI data centers. Sales and earnings are increasing for Micron. Some experts believe Micron is a good opportunity for investors looking for AI stocks.
Oracle invests $3 billion in Europe's AI infrastructure
Oracle plans to invest $3 billion in AI and cloud infrastructure in Germany and the Netherlands. This investment aims to strengthen Oracle's position in Europe's tech market. They will invest $2 billion in Germany and $1 billion in the Netherlands. This move comes as demand for cloud and AI technology grows. The investment aligns with EU regulations promoting data control.
ProductNow raises $6M for AI platform for product teams
ProductNow, an AI-native operating system for product teams, has raised $6 million in seed funding. The platform aims to unify product workflows and improve execution at large companies. Tript Singh Lamba, the Founder & CEO, has experience from Microsoft, Google, and Expedia. ProductNow helps teams move from ideas to results more quickly and efficiently. The AI platform integrates with tools teams already use.
CoreWeave stock jumps on plans for massive AI data center
CoreWeave's stock rose after the company announced it would invest up to $6 billion to build an AI data center in Lancaster, Pa. The first part of the facility will provide 100 megawatts of power for AI tasks. Construction is expected to create about 600 skilled jobs. CoreWeave's stock has more than tripled since its IPO in late March. Cisco Systems recently disclosed a stake in the company.
Sources
- Nvidia stock surges 4.47% in pre-market as U.S. clears H20 AI chip sales to China—AMD up 3.18% too as AI trade door reopens
- Nvidia Fires Back into China with H20 Relaunch and Custom AI Chip
- Nvidia rallies, leading market, on resumed AI chip exports to China
- Nvidia stock hits fresh record with AI chipmaker set to resume sales in China after US reversal on ban
- Chinese Data Center Billionaire Zhou Chaonan’s Wealth Jumps On Nvidia AI Chip Sales Resumption
- Is Nvidia Topping Out? Why Micron Might Be the Next AI Winner
- Oracle's $3 Billion AI Play: A Strategic Move in Europe's Infrastructure Arms Race
- ProductNow Raises $6M to Launch the AI-Native Stack for Product Teams
- CoreWeave Stock Soars on Massive AI Data Center Plans