Topline
Shares of top U.S. chipmakers rose in premarket trading on Tuesday, hours after President Donald Trump announced that he will allow the export of previously restricted advanced AI chips to China and other countries, with the U.S. government receiving a 25% cut of the sales.
President Donald Trump said Nvidia will be allowed to export its advanced H200 AI chips to China.
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Key Facts
In premarket trading early on Tuesday, Nvidia’s shares rose 1.56% to $188.47 after climbing 1.73% on Monday.
The president’s announcement mentioned Nvidia’s H200—its second-most-advanced AI chip—by name, whose exports the Biden administration had restricted.
AMD’s share price also rose 1.17% to $223.70 in early trading on Tuesday, while Intel shares inched up 0.5% to $40.50.
Trump’s post mentioned that the eased restrictions will also apply to “AMD, Intel, and other GREAT American Companies.”
News Peg
The president made the announcement on his Truth Social platform, saying he had “informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security.” Trump’s post did not offer any specifics about these National Security-related conditions, however, the president said Xi has responded “positively!” The president added that “The Department of Commerce is finalizing the details, and the same approach will apply to AMD, Intel, and other GREAT American Companies.”