NVIDIA Corporation (NASDAQ:NVDA) is one of the best US stocks to buy according to Billionaires. On July 14, NVIDIA announced its intention to resume sales of its H20 AI chip to China. The reversal comes after NVIDIA CEO Jensen Huang met with President Donald Trump at the White House last week.

Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp. semiconductor.

AMD stock jumps over 25% in a month as AI chip sales to China resume and analysts raise price targets. Here's what’s driving the rally today.