By Denny Jacob
Semiconductor companies saw their stock rise after Nvidia said it could once again sell certain chips in China.
Last week Nvidia became the first company valued at more than $4 trillion. Its stock on Tuesday got another boost after the company said it received assurances from the Trump administration that it can sell its H20 artificial-intelligence chip in China, days after Chief Executive Jensen Huang met with President Trump.
While Nvidia still can't sell its most advanced chips to Chinese customers, the news is another notch in a recent string of wins.
Shares of Nvidia rose 4.4% to $171.30 early in the session. The stock is up 28% on the year.
Advanced Micro Devices gained as well, rising 6.8% to $156.15. Marvell Technology climbed 1.8% to $73.83 and Broadcom was up 2.1% to $281.30 respectively.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
07-15-25 0955ET
