The Nasdaq is on the brink of a powerful new rally after Nvidia confirmed it will resume AI chip sales to China — with backing from the US government — marking a dramatic reversal in trade policy and a major catalyst for markets.
This is the bullish prediction from Nigel Green, CEO of global financial advisory giant deVere Group following Nvidia’s return to the world’s second-largest economy, via its H20 chip.
It comes just three months after the Trump administration blocked AI chip exports. The policy U-turn follows a face-to-face meeting last week between President Trump and Nvidia CEO Jensen Huang — and signals a major opening for renewed earnings expansion in the sector.
Nigel Green, CEO of deVere Group, says: “This changes the trajectory of the Nasdaq in a single stroke. The tech-heavy index is now poised for another leg higher because the market’s AI engine — Nvidia — just got its fastest growth market back.”
The H20 chip is tailored specifically to meet US export controls while serving surging demand from Chinese data centers and AI startups. The US government has now signaled that licenses to ship the chip will be approved — a move that reactivates billions in potential sales.
“It’s a pivotal moment. Not only does this clear the fog around Nvidia’s near-term revenues — it confirms that the White House understands the stakes in the global AI race,” says the deVere CEO.
“Wall Street has been waiting for clarity. This is it. And the Nasdaq is going to respond.”
Nvidia last week became the world’s most valuable company, with a market cap over $4 trillion, built on the expectation that it would dominate the AI hardware space. But until now, the China block had capped those ambitions. With that block effectively lifted, the market is recalibrating fast.
“This isn’t about easing a restriction,” explains Nigel Green. “It’s about reactivating the most important international revenue stream for the most powerful stock in the Nasdaq. That has seismic implications for the entire index.”
The Nasdaq 100 has already risen more than 20% this year, with Nvidia accounting for a major share of those gains.
Investors have funneled billions into AI plays, driving up valuations across the chip, cloud, and big tech sectors. This latest development could accelerate that trend — especially as it removes the threat of decoupling from China.
“There’s renewed confidence now that political headwinds can be managed — and that the AI supercycle has only just begun,” says the chief executive of one of the world’s largest independent financial advisory organizations.
“This green light to Nvidia effectively reopens the entire channel between Silicon Valley and China. The Nasdaq is, we believe, going to price that in immediately.”
The policy shift also signals a broader recognition that US innovation leadership depends on global scale, not isolation.
“The market sees this for what it is: a strategic retreat from a hardline position that was damaging American competitiveness,” he adds.
“Trump’s administration now appears to be choosing economic leverage over blanket restrictions. That’s bullish not only for Nvidia but for every Nasdaq-listed firm plugged into the AI economy.”
Huang is currently in Beijing and is expected to give a press conference this week, further reinforcing Nvidia’s re-engagement with Chinese clients. Analysts are already revising sales projections upward, anticipating a surge in orders for the H20 chip.
“This move confirms that Nvidia remains the indispensable supplier of the AI age — and it keeps the Nasdaq firmly in the lead globally,” says Nigel Green.
“Investors should expect sharp upside moves, especially across semiconductor and cloud names, as the market prices in renewed top-line growth from Asia.”
Nigel Green concludes: “The Nasdaq is the world’s AI index — and this announcement just pulled the throttle. Many investors looking at tech leadership, earnings momentum, and geopolitical validation will see this for what it is: a breakout moment.”
