Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.

NVIDIA’s (NASDAQ: NVDA) market received a green light to rally that will have far-reaching repercussions. NVIDIA is the largest company globally, with a valuation exceeding $4 trillion, and has the most significant impact on the S&P 500 index.

Nvidia 's ( NVDA 0.37%) business has been going strong over the past few years thanks to its dominance in the global artificial intelligence (AI) chip market. The company designs the most powerful AI chips on the market,

Nvidia is now allowed to sell its H20 chips to China again—a development that could add $20 to $30 billion in annual revenue and reignite global AI demand. According to Shay, China accounts for 20% of global AI demand,

Nvidia Corporation leads the global AI revolution. U.S.-China export breakthroughs boost H20 GPU sales in China, driving revenue. Click for my NVDA update.

KWEB’s gains reflect investor optimism that renewed access to Nvidia’s advanced chips. - Investing in China remains fraught with uncertainty.

China has leveraged its dominance over rare earths for Nvidia chips; however, this expert says world isn't decoupling, it is just bartering.

Nvidia ( NASDAQ: NVDA) said Tuesday it hopes to resume sales of its H20 GPUs to Chinese clients, citing U.S. government assurances that export licenses will be granted. “The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement.