Nvidia: H20 export reinstated, bolstering the $200 by this year-end bull case and reviving the China growth story.

President Donald Trump curbed sales of Nvidia’s H2O artificial intelligence chips to China in April as part of an escalation of his trade war with Beijing. But the leading AI chips group said on Monday it had been told by the US government that Washington would resume approvals for these chips to be sold to Chinese companies.

One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.

Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2% to set another record thanks to Nvidia, the market’s most influential stock.

CNBC’s Deirdre Bosa joins 'Money Movers' to discuss Nvidia's win over China users and CEO Jensen Huang's Trump playbook.

The Nasdaq Composite advanced to its latest record high on Tuesday, powered by a jump in heavyweight Nvidia's shares, while the other Wall Street benchmarks were sluggish as traders digested a key inflation report and a flurry of bank earnings.

Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.

Nancy Tengler, Laffer Tengler, joins 'The Exchange' to discuss the tech trade, Nvidia's resumption of chip sales in China and her tactical plays.