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Nvidia says U.S. government will allow it to resume H20 AI chip sales to China

1. Nvidia plans to resume H20 chip sales to China with U.S. licensing support. 2. H20 sales halted in April; almost halved Nvidia's China market share. 3. CEO Jensen Huang advocates against export controls affecting tech leadership. 4. New GPU, NVIDIA RTX PRO, announced for AI applications in factories. 5. Huang engages with U.S. leadership and Chinese officials on AI benefits.

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FAQ

Why Bullish?

Resuming chip sales could restore market share in China and drive revenue.

How important is it?

U.S. licensing supports growth in a critical market; positive news for investors.

Why Short Term?

Immediate sales recovery from license approval impacts quarterly earnings shortly.

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