Nvidia's valuation is bounding to a new record high today following announcements that the Trump administration will allow the company to ship its H20 processors to China. The company also said that it has designed a separate, less powerful processor that meets all current regulatory requirements for sale in the country.

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

Senator Elizabeth Warren called out the Trump administration on Wednesday for allowing Nvidia Corp. (NVDA) to resume selling its H20 AI chips to China, just months after banning them. “We should be advancing American tech dominance and national security,

Nvidia investors have been concerned about the loss of sales to an important market. The company announced it would resume AI chip sales to China after a pending approval from the Trump administration.

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.

Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.

Major stock indexes rose on Wednesday as Nvidia briefly climbed to a $4-trillion valuation, while the euro edged lower, with the Trump administration getting closer to a deal with its biggest trading partner,

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.

The major indexes are back near records, despite new tariff threats.

President Donald Trump said late Tuesday that new tariffs on semiconductors could be coming soon. Wedbush analysts said his stance could soften.