Nvidia stock gains on Trump chip export review, sparking rally in chipmakers

Core Viewpoint - Nvidia's stock experienced a significant increase following reports of the Trump administration reviewing its H200 chip exports to China and the clearance of its $5 billion investment in Intel by US antitrust agencies [1][2][6] Group 1: Nvidia's Stock Movement - Nvidia stock rose by as much as 3.7% in early trading, indicating positive investor sentiment [1] - The stock is on track for a weekly gain, reflecting optimism regarding potential chip exports to China [2] Group 2: Government Review and Export Licenses - The US Commerce Department has sent license applications for Nvidia's advanced chip sales to relevant government departments, which will provide feedback within 30 days [3] - Nvidia has been advocating for the approval of its chip exports to China, which is crucial for expanding its market access [3] Group 3: Market Reactions and Broader Impact - The news of potential chip export approvals led to a rally among other chipmakers, with notable stock increases in companies like AMD (up 5.6%), Broadcom (up 2.5%), and Micron (up 6%) [6] - The Federal Trade Commission's clearance of Nvidia's investment in Intel also contributed to positive market reactions, boosting Intel's shares by 3% [6] Group 4: Challenges and Concerns - Despite the positive developments, there are concerns regarding national security and the potential risks of granting China access to advanced US chip technology [4] - Previous export bans and China's reluctance to purchase Nvidia's chips due to national security issues highlight ongoing challenges in this area [5]