U.S. equities displayed divergent performances on July 15, with the Nasdaq Composite climbing 0.18% to a fresh closing peak while the Dow Jones Industrial Average retreated 0.98% and the S&P 500 dipped 0.4%. Technology titans largely advanced, spearheaded by NVIDIA's 4% rally that propelled its market valuation to $4.17 trillion – a staggering single-day increase of $161.8 billion (approximately RMB 1.16 trillion).
The semiconductor giant announced plans to resume H20 GPU sales in China while introducing a new fully compatible graphics processor tailored for the Chinese market. Through its official WeChat channel, NVIDIA confirmed it's seeking approval to restart H20 shipments after receiving U.S. government assurances regarding export licenses, with accelerated deliveries anticipated. Founder and CEO Jensen Huang emphasized during an interview: "Export licenses are secured, enabling immediate H20 shipments to China. We're thrilled to commence deliveries shortly." Huang simultaneously unveiled the forthcoming RTX Pro graphics card engineered specifically for computer graphics, digital twin simulations, and artificial intelligence applications.
China's Foreign Ministry spokesperson Lin Jian addressed the export approvals during a July 15 press briefing, maintaining China's customary stance of withholding commentary on individual corporate matters. Lin reiterated China's consistent opposition to politicizing technology and trade issues, warning that such weaponization disrupts global supply chains while serving no nation's interests.
CITIC Securities analysis indicates the H20 chip represents NVIDIA's redesigned solution under October 2023 U.S. export controls, featuring significantly reduced peak computing capabilities while preserving software ecosystem and cluster interconnection advantages. The report anticipates NVIDIA will subsequently develop B30-series chips compliant with export restrictions, with downstream clients expected to maintain procurement to fulfill AI development requirements.
This valuation milestone follows NVIDIA's historic achievement on July 9 when it became the world's first $4 trillion market cap company. Founded in 1993, the chipmaker first surpassed $2 trillion in February 2024 before eclipsing $3 trillion just four months later in June.