The Dow Jones index dropped Thursday ahead of jobless claims and retail sales. Nvidia chipmaker TSMC jumped on earnings.

June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.

Nvidia stock jumped 5% as the chipmaker said it's been assured it can resume sales of a key microchip to China. That news helped Chinese stocks as well, with Alibaba stock rising 6%. Trade Desk shares rose 15% on news of S&P 500 inclusion.

Cheering the news, Nasdaq-listed Nvidia shares jumped as much as $8.74, or 5.3%, in pre-market trade to $172.75 apiece. On Monday, shares of Nvidia—the world’s most valuable stock—ended at $164.07, down 0.52%, with a market capitalisation of $4.001 trillion.

Nvidia’s premarket surge to $172.38 represents a dramatic 5.06% increase from the previous close of $164.07, demonstrating strong investor confidence in the company’s renewed China prospects. The stock had closed down -0.

Nvidia said it plans to resume sales of its best-selling H20 AI chip to China, days after CEO Jensen Huang met with President Donald Trump.

Taiwan Semiconductor Manufacturing Co. (TSM) stock soared Thursday after the contract chipmaker delivered second-quarter results that blew past analyst expectations, driven by insatiable global demand for its advanced processor technologies essential for artificial intelligence applications.

Nvidia CEO Jensen Huang met with President Donald Trump and policymakers to talk about domestic AI infrastructure and the US's lead in AI.

Taiwan Semiconductor Manufacturing Co. on Thursday boosted its full-year revenue growth projections, as strong AI demand continues to fuel results at the world’s largest contract chipmaker.

Nvidia shares surged as the chipmaker is expected to sell H20 AI chips to China after US export license assurance

Nvidia stock hits record highs as U.S. export licenses unlock access to China’s $50B AI market. Click here to read an analysis of NVDA stock now.