The agreement between the chipmakers and the U.S. government will allow Nvidia and AMD to obtain export licenses to resume sales to China.

Citi maintained its Neutral rating on AMD (AMD) after a reported deal to give 15% of revenues from Chinese AI chips sales to the U.S. in exchange for export licenses.

U.S. President Donald Trump on Monday suggested he might allow Nvidia to sell a scaled-down version of its next-generation advanced GPU chip in China, despite deep-seated fears in Washington that China could harness U.