Nvidia (NASDAQ:NVDA) led chip stocks higher on Tuesday after the company said it hopes to resume sales of its H20 chips in China, citing U.S. government assurances that export licenses will be granted.

After a relatively quiet start to the week, markets on Tuesday will have to navigate a torrent of new information on U.S. inflation, bank earnings and Chinese growth, with a fresh jump from chip gian...

“We believe that every civil model should run best on the US technology stack, encouraging nations worldwide to choose America,” Nvidia’s chief Jensen Huang said in a statement on Tuesday.