Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

The S&P 500 was virtually unchanged in midday trading and just a bit below its all-time high, even as more than four out of every five stocks within the index fell.

Needham analyst N. Quinn Bolton maintained a Buy rating on Nvidia (NASDAQ:NVDA) and raised the price forecast from $160 to $200 on Wednesday. Nvidia is preparing to resume shipments of its H20 GPUs to China after the U.

Key Points Nvidia stock is jumping today following announcements that the Trump administration will allow the company's H20 processor and other hardware to be sold in China.The approval of the export licenses for the company's AI hardware is an unexpected development -- and a big win for CEO Jensen Huang.