U.S. Approves H200 AI Chip Exports to China: NVDA up 4.4%, Geopolitics Shift

The U.S. approved advanced H200 AI chip exports to 10 Chinese companies, a major reversal of prior restrictions. NVIDIA jumped 4.4% as China, previously 25% of revenue, regained legitimate sales channel. Trump and Xi concluded a two-day Beijing summit with the approval embedded in broader trade normalization, signaling potential détente on critical tech while risking backlash from defense hawks.