Dow slides after CPI inflation accelerates, Nvidia’s surge lifts Nasdaq to record

Nvidia (NVDA) is moving to reestablish its foothold in the Chinese market, announcing late Monday night that it plans to restart sales of its H20 AI chips in the region. The company has also unveiled a new GPU model specifically engineered to align with US export regulations.

In a company blog post, Nvidia said it is currently seeking approval from US authorities to resume shipments of the H20, with licensing expected “soon.” Once cleared, deliveries could begin in short order.

To further strengthen its China strategy, Nvidia announced a “new, fully compliant NVIDIA RTX PRO GPU” that “is ideal for digital twin AI for smart factories and logistics.”

CEO Jensen Huang recently met with both US and Chinese officials, including former President Donald Trump, in efforts to foster international cooperation on AI and reinforce Nvidia’s role in open-source AI research.

As of Monday’s close, Nvidia shares were down 0.5% at $164.07. However, the stock saw a rebound in after-hours trading, gaining 4.2% to $170.78.