Nvidia stock surged 4% in premarket trading after announcing plans to resume sales of H20 GPUs in China. The US ban led to a $2.5 billion loss in Q1 sales, with an additional projected $8 billion loss in Q2. CEO Jensen Huang called the ban “deeply painful,” affecting 13% of revenue from China.

Nvidia hopes to start deliveries soon after the US government assured licenses will be granted. China is a key market, and Bernstein analyst Stacy Rasgon projected a potential earnings boost of $0.40-$0.50 per share if sales resume. The company’s market cap has soared above $4 trillion, making it the world’s most valuable company in history.

Read more at Yahoo Finance: Nvidia stock eyes fresh record with AI chipmaker set to resume sales in China after US ban