Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Nvidia and the University of Bristol unveiled the UK's fastest AI supercomputer on Thursday, continuing the company's push into sovereign AI.

Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.

That China-specific variant of Nvidia’s AI chips was created to comply with earlier trade curbs, but has been blocked from sale in China since April.

Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.

A Singapore court on Friday adjourned a case against three men charged with fraud by making false representations to unnamed server suppliers until Aug 22.

Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.

Nvidia (NASDAQ: NVDA) proved naysayers wrong yet again as the company became the first one to hit a $4 trillion market capitalization. However, the market seems unsure today as NVDA stock is bouncing back and forth at that valuation, which may indicate that Wall Street is pricing it in as a ceiling.

A Bloomberg analysis of documents and company filings show how China is building giant data centers in the desert to fuel its AI ambitions — and looking to buy 115,000 banned Nvidia chips to power them.

If China isn't able to import these chips, it could be that China is ready to make its own. Given Nvidia boss Jen-Hsun Huang has commented on the country's growing capabilities, China might be getting ready to fill its data centres with its own AI chips in the near future.

Part of the $130 million will also be used to co-develop new concepts and pilots under new strategic partnerships. Read more at straitstimes.com. Read more at straitstimes.com.

One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.