Relief for Nvidia's Jensen Huang as the U.S. OKs the company's sales of AI chips to China.
I'm looking forward to shipping H20s very soon.
And so I'm very happy with that very, very good news.
Plus, it's time for bank earnings in what could be a key test of the market's recent momentum.
And sorry, Americans in Europe will look at who's losing out as the dollar slides.
It's Tuesday, July 15th.
I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
We begin with a big win for chipmaker Nvidia,
after it said it received assurances from the Trump administration that it can sell its advanced AI chips to China.
The news came as Nvidia CEO Jensen Huang was in Beijing meeting senior officials,
and just days after we reported that he directly appealed to President Trump to be able to do business in China and tap into the country's AI talent.
to unpack this turnabout after the Commerce Department restricted sales of Nvidia's H20 chips to China in April is Wall Street Journal China bureau chief Jonathan Cheng.
Jon, there is diplomatic subtext all over this story.
What can we say about what brought about this announcement?
They do a lot of business in China.
and they want to be able to sell their products.
But of course, the technology that they have,
the capabilities they have are now a national security asset,
one that some hawks in the US are reluctant to allow to fall into China's hands and that China really wants to get its hands on.