Nvidia (NVDA) shares surged in early trading Monday as chip stocks rebounded, with the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) chipmaker reportedly making a version of its 澳洲幸运5官方开奖结果体彩网:upcoming Blackwell chip for the China market c✱ompliant with U.S. export ꧑controls.

The move could help ease investors' concerns after worries about tightening trade restrictions and geopolitical tensions fueled a 澳洲幸运5官方开奖结果体彩网:sell-off in chip stocks last week.

New Chip To Ship in 2025, With Nvidia's Blackwell Already in High Demand

Nvidia will work with Inspur, a Chinese tech company that is a major distributor partner of the chipmaker in the region, to produce the new "B20" chip planned to ship in the second quarter of 2025, according to Reuters. Nvidia declined to comment on the report.

The B20, a version of Nvidia's Blackwell chip that complies with U.S. export controls, could help soothe investors' worries and help the chipmaker's stock make up for some of its recent losses.

The news comes as Nvidia's Blackwell platform is 澳洲幸运5官方开奖结果体彩网:already in high demand, helping fuel this year's gains in 澳洲幸运5官方开奖结果体彩网:Nvidia's stock price.

Nvidia shares were up more than 4% at $122.76 as of 10:30 a.m. ET Monday, and have 🌳more than doubled in value since the start of the year.

UPDATE—July 22, 2024: This article has been updated to reflect Nvidia declined to comment.