NVIDIA shares rose 9.11% over the past week following comments from Representative Ro Khanna regarding U.S. trade policy. The senior House Democrat indicated a willingness to allow the export of older-generation AI chips to China.
The proposed shift would permit the sale of legacy hardware, including the Hopper generation, while keeping restrictions on the most advanced processors. China has historically served as a primary market for NVIDIA, though U.S. export controls have recently constrained revenue.
Regaining access to this market for specific products could provide a significant financial boost. This move would allow NVIDIA to generate revenue from older technology without impacting sales of current-generation chips to U.S. hyperscalers.