Overview
- Reuters reported that the Commerce Department forwarded Nvidia H200 export license applications to the State, Energy and Defense Departments, starting a 30‑day review under export‑control rules.
- Nvidia rose about 3% on the news, with AMD, Broadcom and Micron also higher, as investors reacted to President Trump’s earlier signal that sales could proceed with a 25% government fee.
- Bernstein said Nvidia trades at a rare discount versus the semiconductor index and kept an Outperform rating, calling current multiples attractive on a relative and historical basis.
- Broadcom posted record Q4 revenue of $18.0 billion and forecast about $8.2 billion in AI semiconductor revenue for Q1 2026, backed by roughly $73 billion of AI‑related orders to be delivered over six quarters.
- Broadcom’s stock pullback followed concern about lower gross margins from a higher mix of full‑rack systems, though J.P. Morgan, Piper Sandler and Morgan Stanley reaffirmed positive stances and raised targets.