Three weeks ago, we recommended Nvidia Inc. (NVDA) stock in a June 22 Barchart article and shorting out-of-the-money puts. Now, NVDA is near its target prices, and the short play is successful. What is the best play here?

Senator Elizabeth Warren called out the Trump administration on Wednesday for allowing Nvidia Corp. (NVDA) to resume selling its H20 AI chips to China, just months after banning them. “We should be advancing American tech dominance and national security,

Wedbush analyst Matt Bryson says Taiwan Semiconductor's strong Q2 earnings confirm red-hot demand for AI chips, signaling continued strength for Nvidia and the broader tech sector.

President Donald Trump said late Tuesday that new tariffs on semiconductors could be coming soon. Wedbush analysts said his stance could soften.

The consumer price index for June show that Trump tariffs began to nudge inflation only modestly higher last month.

Nvidia backed Washington's AI push on Tuesday, echoing Trump advisor David Sacks' call to make American technology the global standard, as AI chip stocks rallied on signs of renewed U.S. investment and eased export restrictions.

The Nasdaq is on the brink of a powerful new rally after Nvidia (NASDAQ: NVDA) 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.