Nvidia rally continues on Thursday as Trump approves H200 buyers in China
Nvidia (NVDA) stock is the early winner of the United States (US) President Donald Trump‘s summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday’s premarket. If the gains remain through the close, this will become NVDAs seventh consecutive day of gains. President Trump‘s Commerce Department approved ten Chinese firms to import Nvidia’s H200 AI chip, as well as a few other distributors in the Asian region. US Retail Sales for April fell from 1.6% MoM in March to 0.5% MoM, but that was in line with the consensus. The Dow Jones Industrial Average (DJIA) futures rose 0.9% in the premarket on Thursday, while the NASDAQ Composite futures declined 0.2%, and S&P 500 futures gained 0.3% on the news. Nvidia could boost China sales on Commerce Department clearance Nvidia has been looking to regain market share in China after several rounds of trade barriers were imposed by the Biden and then Trump administrations over the past several years. Before the curbs were imposed by Washington, Nvidia held a 95% share of Chinas AI chip market. But in the intervening years, a number of Chinese players have begun producing competitive chips. The H200 is a second-tier technology, building on the









