All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

This maker break hour begins with a major development in the AI story. A government report that the government will soon let Nvidia sell its more powerful GPUs to China, a change of heart that has

Nvidia shares jumping off the best levels, but nonetheless, into green today. We'll have the very latest coming up along with super analyst Dan Ives right here at

Post 9 to tell us about the significance of that development.

Let's show you the scorecard here with 60 to go and regulation, still a down day as a very

pivotal week kicks off.

The Fed decision on Wednesday, Black Rock's Rick Reader joining me

in just a little bit on that big story as well. We'll also get earnings from Oracle and Broadcom

in the days ahead. We're looking forward to that. Chips in general, by the way, have been surging

lately. The socks hitting a new all-time high and elsewhere. Paramount going hostile for Warner Brothers Discovery.

Netflix shares falling on that news. We'll continue to follow that. We expect more developments,

of course. It takes us to our talk of the tape, the AI arms race in this developing story around

NVIDIA. Christina Parts of Nevelos joining us now with the very latest. Christina.

Scott, I can confirm the U.S. Commerce Department has given NVedia the green light to sell its H-200 chips to China, although InVDio right now is not commenting. Shares are up about 2.5% like you pointed to, but only up 1% now. And that's because investors are cautious about just celebrating too early. This is seen as a compromise. And I say compromise because now the U.S.

government is offering chips from 2023 rather than newer Blackwell technology. Both

Invidia, keep in mind, and AMD also agreed to pay a 15% fee on China sales back in

August, though it's still very unclear if that's actually been implemented.

But Washington's approval is only half a battle.

Chinese media is calling this desperation, arguing the U.S. is easing restrictions because NVIDIA's

losing its foothold as domestic alternative surge.

They're labeling the H-200, a, quote, sugar-coated bullet with the same backdoor security concerns that led China to shun the H-200, a quote sugar-coated bullet with the same backdoor security concerns

that led China to shun the H-20 chip.

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