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Nvidia has a new tailor-made Blackwell chip in the works for sale to China, Reuters reports

Nvidia, locked out of the Chinese AI market as recently as two weeks ago, is now on the verge of expanding its offerings for what CEO Jensen Huang called a $50 billion AI data center market.

Reuters reports that the chip designer is hoping to have new processors that are “more powerful” than the H20s available for testing in September. This new chip would be based on the newer Blackwell rather than the older Hopper architecture the H20s are tied to and is being called the B30A, per Reuters.

After reaching a deal that saw export licenses for the H20 renewed in exchange for sending 15% of revenues generated from those sales to the US government, President Donald Trump indicated an openness to Nvidia selling nerfed versions of more recently developed chips to China in the future. On the other hand, there has seemingly been pressure from Chinese authorities for its leading companies to forgo purchasing the H20s, with Beijing citing data security concerns.

Reuters had previously reported that Nvidia was also preparing a scaled-down version of its RTX GPU for sale to China, which was effectively confirmed in the same mid-July statement where the company said it had received assurances it would be able to sell H20s into China once again.

Read More: A field guide to the complicated world of Nvidia’s AI hardware

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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