Wedbush analyst Dan Ives said easing U.S.-China AI chip tensions and renewed approval for NVIDIA Corp's (NASDAQ:NVDA) H200 sales to China could add fresh momentum to the broader technology rally, particularly across chips, cloud infrastructure, and AI software.
Ives Sees Nvidia At Center Of AI Trade Ives described NVIDIA CEO Jensen Huang as the "Godfather of AI" and said U.S. approval for H200 AI chip sales to 10 Chinese companies marked a major positive development for NVIDIA and the broader semiconductor sector.
He said the China summit between President Donald Trump and Chinese President Xi Jinping highlighted how critical AI chips and the semiconductor supply chain have become in the global technology race.
According to Ives, China continues to try to build domestic AI chips and models, such as DeepSeek, to reduce its dependence on NVIDIA.
However, demand for advanced computing infrastructure globally still exceeds supply.
