Reuters reported that China has approved sales of Nvidia's H200, sending the AI chip giant's shares higher in premarket trade.
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Chip stocks jumped on Wednesday thanks to strong earnings from heavyweights ASML and SK Hynix and a report that China has approved the sale of Nvidia’s H200 chips.
The VanEck Semiconductor ETF
was up more than 3% in premarket trade.
In Europe, ASML
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