Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.

Nvidia said the U.S. government is allowing the Silicon Valley giant to sell its artificial intelligence chips to China, reversing course after banning the sales in April. The company said in a blog post Monday that it is filing applications to sell its H20 chips to China with the U.