Shares of Nvidia Corp. (NVDA) surged after the company announced it will resume shipments of its H20 AI chip to China, following U.S. export control compliance. The U.S. government has assured licensing will be granted, potentially reversing $2.5 billion in lost sales. CEO Jensen Huang’s efforts to re-enter the Chinese market have been successful, with a new chip launch tailored for China. Nvidia stock rose 4.5%, boosting major ETFs like SPY, QQQ, and SMH. With AI still a key theme, Nvidia’s China reentry could have significant implications for ETFs and the company’s success.

Read more at Yahoo Finance: NVDA Surges, ETFs Lifted as China Chip Sales Set to Resume