Nvidia Corp. (NASDAQ:NVDA) traded Monday just shy of its 52-week high of $183.88, driven by ongoing artificial intelligence optimism and a major resolution in its China chip export dispute. The chipmaker agreed to pay 15% of revenue from China sales of its H20 AI processors to the U.

Nvidia (NVDA) remains in focus on Monday after the artificial intelligence (AI) behemoth said it has signed a landmark deal with the White House to resume its business in China. President Donald Trump has agreed to issue an export license that will enable NVDA to continue selling chips in the world’s second-largest economy.

U.S. stock index futures were little changed on Monday as investors geared up for a busy week, while major chip companies seemed caught in the middle of the latest twist in trade policy ahead of a key tariff deadline with China.