Nvidia (NVDA) Shares Climb On Prospects of Renewed Chip Sales to China

Reuters sources report that Nvidia has notified its Chinese customers of plans to resume deliveries of H200 chips by mid-February 2026. This follows recent adjustments to US export rules, which now permit the sale of advanced technologies provided a special 25% levy is paid.

The news supported NVDA shares, as the opportunity to legally supply high-end chips — around six times more powerful than the previously approved, scaled-down H20 models — to major technology groups such as Alibaba and ByteDance could materially lift Nvidia’s revenue outlook.

Technical View On Nvidia (NVDA)

An ascending price channel identified in November remains valid.

Current price action points to strong purchaseing interest:
→ the stock turned higher (as shown by the arrow) before reaching the lower boundary of the channel, with the $170 area acting as firm support;
→ bullish gaps appeared at the open of the past two trading sessions.

The candle formed on 19 December is particularly notable:
→ trading volumes were unusually elevated;
→ the candle featured a large body, opening at the session low and closing at the high.

If the pullback from the record high is interpreted as a corrective bull flag (highlighted in red), the price is now pressing against its upper boundary. Should bullish momentum persist, a breakout from this pattern could pave the way for a move towards the midpoint of the broader 2025 uptrend.

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