Nvidia stock jumped 4.3% to $171.19 in early Tuesday trading, marking another all-time high for the stock. The move builds on the momentum that led Nvidia to become the first company ever to close with a market value of more than $4 trillion last week. The Nasdaq Composite and S&P 500 were up 0.7% and 0.2%.

Nvidia Corp. announced it will resume sales of its H20 AI chips to China and unveiled a new RTX PROPU tailored for the Chinese market, according to Benzinga. CEO Jensen Huang stated that the company had received assurances from the U.

The Trump administration has assured Nvidia that licenses to export the chips will be granted, ending months of halted shipments.

Nvidia was informed by the U.S. government in April that it needs a license to export its China-specific H20 chip into that market. The company took a $4.5 billion charge on account of the excess inventory of the unsold H20 chips that it was left with. Nvidia also lost $2.5 billion in revenue because of this restriction during the quarter.

Nvidia CEO Jensen Huang says the US must win over global AI developers — especially the 50% in China — to lead the future of AI.