The sales resumption of Nvidia's H20 processors and Advanced Micro Devices' (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts.

New Delhi, July 17 (UNI) In a liberalized trade move, AMD (Advanced Micro Devices) announced that it will start shipments of ''M1308'' artificial intelligence (AI) chips to China. The ''M1308'' chips are the electronic components used for the processing of large data volumes for managing the AI workloads efficiently. AMD also pointed out that the US Department of Commerce is currently reviewing the applications for trade resumption submitted by AMD.

Cheering the news, Nasdaq-listed Nvidia shares jumped as much as $8.74, or 5.3%, in pre-market trade to $172.75 apiece. On Monday, shares of Nvidia—the world’s most valuable stock—ended at $164.07, down 0.52%, with a market capitalisation of $4.001 trillion.

Advanced Micro Devices (AMD) announced on Tuesday that it would resume shipments of its MI308 artificial intelligence (AI) chips to China, after the US Commerce Department said that it would resume reviewing MI308 licenses,