According to Evan (@StockMKTNewz), Nvidia CEO Jensen Huang has stated the company will resume sales of its H20 AI GPU to China. This move is facilitated by a new, compliant GPU design for which the United States has reportedly assured Nvidia it will grant the necessary licenses. For the cryptocurrency market, this development is particularly bullish for AI-related tokens, as Nvidia's performance and expansion in the AI hardware sector often act as a key sentiment driver for the entire AI crypto narrative. Increased access to Nvidia's powerful GPUs could indirectly support projects reliant on computational power, potentially boosting investor confidence in the long-term viability of AI-focused blockchain projects.

According to The Kobeissi Letter, AMD announced that US chip export controls to China will apply to their MI308 products, potentially leading to charges of up to $800 million. This announcement has caused AMD's stock to drop by more than 7%. Investors should watch for further developments as these controls could impact AMD's revenue streams significantly.