The US Commerce Department will allow Nvidia to export H200 chips to China, with President Trump confirming the plan and Xi Jinping responding positively.
Reddit sentiment turned bullish as traders viewed the move as a major revenue catalyst for Nvidia, with 25% of chip sales reportedly going to the US government.
Separately, Nvidia is reportedly in talks with SoftBank to invest in robotics startup Skild AI at a $14 billion valuation, signaling continued expansion beyond AI chips.
Nvidia was the third most-discussed ticker on Reddit on December 8, driven by a single explosive catalyst: the US government's decision to allow exports of H200 AI chips to China. The news, first reported by Semafor and later confirmed by President Trump on Truth Social, sent shares higher after the bell and ignited a firestorm of discussion across multiple subreddits.