Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures.Another big inflation report is due before the open, along with earnings from chip-gear giant ASMLASML as well as Goldman SachsGS.

Yahoo Finance anchor Julie Hyman outlines the top stories of the trading session on Yahoo Finance's Market Minute. Nvidia (NVDA) stock pops after the company said it expects the US government to grant the license for the chipmaker to sell its H20 chip in China.

US stocks opened higher Tuesday, powered by gains in Nvidia and AMD after fresh signs of easing chip export restrictions to China. A cooler-than-expected core inflation reading added to the momentum,

The rally in Nvidia came after reports that the U.S. government approved new export licenses for the company's H100 AI chips, easing some restrictions tied to advanced chip sales to China.

Nvidia is ripping higher premarket after the U.S. approved export licenses for its H20 chips to China. That’s easing fears of a full-scale chip war and triggering a broad rally in semis. Traders are leaning back into AI names with Nvidia, AMD, and Broadcom leading the charge.

Major U.S. equities indexes were mixed at midday Tuesday while China trade developments in the semiconductor sector boosted tech stocks.

AMD stock jumps 8% as analysts grow bullish on its AI chip momentum, China export approval, and hyperscaler demand.

The Nasdaq 100 surged to fresh record highs on Tuesday, breaking above the 23,000 mark as Nvidia Corp. (NASDAQ:NVDA) and other chipmakers powered a sharp rally.

It seems like megacap technology stocks on Tuesday are throwing a party on Wall Street, but the rest of the market is still sitting this one out.

U.S. stocks opened Tuesday with mixed moves, as the S&P 500 set a fresh intraday record above 6,300, supported by a strong rebound in Nvidia. Gains in tech helped offset early pressure from inflation data showing consumer prices picked up in June.