Nvidia shares are trading higher Thursday afternoon as investors weighed fresh Washington scrutiny of the chipmaker's China business.

Trump’s potential move to approve Nvidia’s H200 chip exports to China could ignite a major turnaround for the semiconductor giant.

Cambricon Technologies Corp. plans to more than triple its production of AI chips in 2026, aiming to wrest market share from Huawei Technologies Co. in China and fill a void left by Nvidia Corp.’s forced exit.

By Stephen Nellis SAN FRANCISCO, Dec 3 (Reuters) - Nvidia on Wednesday published new data showing that its latest artificial intelligence server can improve the performance of new models - including two popular ones from China - by 10 times.

The U.S. House shelved the GAIN AI Act, blocking a rule that would have forced AMD and Nvidia to put U.S. buyers ahead of China for advanced GPUs, though Beijing's own limits blunt the impact.

China shuts out Nvidia, ending a profitable market for AI chips. CEO Huang remains optimistic, projecting trillions in global AI spending.

In its quest for self-reliance in the semiconductor space, China has mandated its state-funded data center companies to use only locally made artificial intelligence (AI) chips. This directive has also unofficially been passed on to private companies.