Nvidia to Resume H20 Chip Exports to China

5 articles I'm watching carefully

Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Nvidia to Resume H20 Chip Exports to China

Nvidia says it will regain U.S. export approval for its H20 chips, which could restore $7.1B in quarterly sales. The lost China business had cut $2.5B from Q1 and projected $8B from Q2. With no Q2 boost, growth still expected at 50% YoY, with Q3 poised to reaccelerate.

AMD Jumps as Nvidia Secures China License

AMD stock rose 6.5% after Nvidia received U.S. approval to sell H20 AI chips in China. The move signals potential export clearance for AMD’s own AI processors, boosting investor confidence despite broader inflation concerns. AMD closed at $155.82 on July 15.

Joby Surges on eVTOL Expansion, Dubai Plans

Joby stock jumped 10.5% after announcing a facility expansion to double aircraft output in California. The firm will launch Dubai robotaxi operations in early 2026. Shares are up 66% YTD, nearing a record high of 17. Archer Aviation also rose 4.3%.

🪙 Crypto

Bitcoin Drops Below $117K as Crypto Bills Blocked

Bitcoin fell 2.8% to $116,516 after crypto regulation bills failed to advance in the House, with 13 Republicans joining Democrats to block the motion. The drop follows a rally driven by ETF optimism. Crypto-linked stocks like Riot and Coinbase also declined.

🌎 Global Economy

US Tariff Threats Resurface with Broader Scope

The US extended its tariff pause to Aug 1 but signaled new levies on 20+ countries, including 35% on Canada and 50% on Brazil. Markets remained stable, but analysts warn muted reactions could embolden further escalation amid ongoing global trade realignment.

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