Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. United AirlinesUAL reported mixed results late Wednesday. NvidiaNVDA chipmaker Taiwan SemiconductorTSM headline earnings early Thursday with NetflixNFLX due after the close.

Jensen Huang heaped praise on Chinese AI models and signed autographs a day after the Trump administration allowed Nvidia to resume selling one of its advanced chips to Chinese customers.

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Nvidia stock is jumping today following announcements that the Trump administration will allow the company's H20 processor and other hardware to be sold in China. The approval of the export licenses for the company's AI hardware is an unexpected development -- and a big win for CEO Jensen Huang.

The tech giants said they can resume selling high-end semiconductors to China, in what appears to be a major about-face for the Trump administration.

NVIDIA CEO Jensen Huang spoke to CNN about supporting ‘the craft of making things.’ NVIDIA CEO Jensen Huang said he supports onshoring US manufacturing during a wide-ranging interview on Sunday with CNN journalist Fareed Zakaria.

IBD 50 name Rocket Lab RKLB soared 7.5% and reached a new high on the stock market today. Citigroup raised its target price to 50 from 33 and held its buy rating on the rocket and spacecraft stock. Rocket Lab has gained around 63% year to date and has a 99 Relative Strength Rating.