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

Shares of Nvidia Corp. popped on Tuesday morning after the company said it expects to be able to sell its H20 chips to China again, along with a new export control-compliant chip for artificial intell...

Nvidia described the model as "fully compliant" and suitable for digital twin AI applications in sectors such as smart factories and logistics.

Huang, 63, has a $142 billion net worth — including a $27.6 billion increase since January 1 — according to a Bloomberg estimate on Wednesday evening.

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

Huang said his company would likely be able to recover some of its losses but it's unclear how much.