- Nvidia (NVDA) shares jumped 2% on Monday after Semafor reported that the U.S. Commerce Dept. will open up sales of its H200 GPUs to China, citing a person familiar with the matter.
- The move will likely try to thread a needle and allow China to receive some AI GPUs, but not the highest-end versions of Nvidia’s offerings, the news outlet added. The Chinese government had previously blocked Nvidia’s H20 offerings.
- Nvidia did not immediately respond to a request for comment from Seeking Alpha.
- The Jensen Huang-led company has removed the prospects of any China-related sales from its financial guidance it provides to investors. Earlier this month, Huang visited some Republican lawmakers who have expressed skepticism about allowing Nvidia’s high-end GPUs to be sold to China, amid national security concerns.
- U.S. President Donald Trump praised Huang recently, calling him a “smart man” after the two had a private meeting last week.
(This is breaking news and the story has been updated with additional details.)