Nvidia and AMD Lead Chip Rally After H20 Chips Poised for China Comeback

July 15 - Semiconductor stocks rallied on Tuesday after Nvidia NVDA got a major breakthrough.

Nvidia shares jumped about 4% after the company said it may resume sales of its H20 GPUs in China, following U.S. government signals that export licenses will be granted.

Advanced Micro Devices AMD surged more than 6%, while Broadcom AVGO climbed about 2%. Qualcomm (QCOM) added roughly 1%, and Micron Technology MU gained about 2%.

CEO Jensen Huang also unveiled the RTX PRO, a compliance?ready GPU aimed at smart factories and logistics. Huang met with President Donald Trump to back U.S. job creation and AI leadership, then held talks with Chinese officials on safe AI collaboration.

Analysts applauded the developments. Wedbush called the potential H20 chip return a watershed moment for Nvidia, the AI Revolution thesis, and the overall U.S. tech industry, while Wells Fargo noted that renewed China sales may boost demand for AMD and MU.

Other chipmakers rose on the news. Taiwan Semiconductor Manufacturing TSM and Lattice Semiconductor LSCC each climbed about 3%, Marvell Technology MRVL, GlobalFoundries GFS and Intel INTC rose about 2%, Analog Devices ADI edged about 1%, and Texas Instruments TXN inched into positive territory.