American chipmaking giant Nvidia says it plans to resume sales to China of an artificial intelligence chip that’s become part of a global race pitting the world’s biggest economies against each other.

Nvidia CEO Jensen Huang said the Trump administration is letting it sell its advanced H20 computer chips to China — a reversal in policy.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures.Another big inflation report is due before the open, along with earnings from chip-gear giant ASMLASML as well as Goldman SachsGS.

Chinese firms are scrambling to buy Nvidia's H20 artificial intelligence chips, two sources told Reuters, as the company said it planned to resume sales to the mainland days after its CEO met U.S. President Donald Trump.

The Silicon Valley chip giant said the Trump administration, which had shut down its sales to China three months ago, had assured it that licenses for the sales would now be granted.

Nvidia Corp. and Advanced Micro Devices Inc. plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.

Nvidia CEO Jensen Huang contradicts Anthropic CEO's 'white-collar apocalypse' prediction, suggesting AI will augment jobs while encouraging workers to adapt.

Nvidia's CEO Jensen Huang said on Monday the technology giant plans to resume sales of its H20 artificial intelligence chips to China, days after its CEO, who is visiting Beijing, met with Donald Trump.

Nvidia, ASML, and Amazon provide diverse opportunities for gaining AI exposure. Today, however, the opportunities to find quality artificial intelligence (AI) stocks hanging on the discount rack may seem fewer and farther between.

Boss Jensen Huang is heading to China where the company’s pared-back AI processors will be in hot demand. But the US president could easily kill this business forecast to make $50 bln in sales, and hand its local rival an edge,

Nvidia reached a major market cap milestone -- ahead of other tech giants such as Microsoft and Apple. Investors have flocked to Nvidia to gain exposure to the high-growth artificial intelligence market.

Investors have been drawn to SoundHound because the company is tapping into an expanding conversational AI market that is estimated to be worth $152 billion by 2033. SoundHound's tech can handle a range of tasks, including customer service calls over the phone and ordering meals in the drive-thru, and so far, business has been booming.