US tech giant Nvidia said on Tuesday it will resume sales of its H20 artificial intelligence (AI) chips to China, after Washington pledged to remove licensing curbs that had put a stop to exports. The California-based firm produces some of the world’s most advanced semiconductors but is not allowed to ship its most cutting-edge chips to China owing to concerns that Beijing could use them to boost its military capabilities.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China

Broadcom has launched the Tomahawk Ultra networking processor to enhance AI workloads by improving chip communication in data centres, challenging Nvidia’s market dominance. It connects four times more chips than Nvidia’s NVLink Switch and uses enhanced standard Ethernet for broader compatibility.

Nvidia CEO Jensen Huang contradicts Anthropic CEO's 'white-collar apocalypse' prediction, suggesting AI will augment jobs while encouraging workers to adapt.

The Nasdaq-100 index plunged into bear market territory in April, but it has since recovered its losses and entered a new bull phase. Artificial intelligence (AI) stocks like Nvidia continue to lead the Nasdaq higher.

Nvidia has been an artificial intelligence leader and major winner over the past few years. On July 16, CEO Jensen Huang may address one of the company's biggest challenges. But Nvidia has encountered one major hurdle along this path,