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AdrianBryan The chipmaking giant Nvidia is soaring in premarket trading this morning, lifting S&P 500 and Nasdaq futures, too. Why? The company said yesterday that it had scored a key concession from the Trump administration: resumed sales of H20 semiconductors to China, despite concerns that access to these advanced chips could help Beijing’s military and the artificial intelligence industry. Shares in AMD, a rival chipmaker, were gaining, too, on a report that it had the green light to sell its MI308 to Chinese customers again. - The New York Times
