Shares of Advanced Micro Devices (AMD) and Nvidia climbed on Tuesday after both companies announced plans to resume sales of their artificial intelligence (AI) chips to China, signaling a potential easing of US export restrictions.
AMD jumped 6.4 percent to close at USD155.61, while Nvidia gained 4 percent to finish at USD170.70.
Nvidia said it expects to “soon” resume shipments of its H20 AI chips to China, following assurances from the US government that current curbs on such exports would be lifted. The move is seen as a significant development in the ongoing trade discussions between the US and China, which had previously disrupted semiconductor exports.
AMD also said that it expects to restart deliveries of its MI308 AI chips to Chinese customers. The company said the US Commerce Department will begin reviewing its license applications for exporting these products, allowing it to re-engage with the Chinese market.
Shares of other technology firms with exposure to AI and data center markets rose on the news. Server manufacturer Super Micro Computer, a key Nvidia partner, advanced 6.9 percent to close at USD53.17.
The market reaction highlights investor confidence that easing trade restrictions could quickly revive a crucial revenue stream for U.S. chipmakers, especially in the fast-growing AI sector. With China representing one of the largest markets for advanced semiconductors, renewed access promises a significant boost to sales and growth for American technology companies.
