u/iamnottheabyss

The U.S. Commerce Department has withdrawn a draft rule that was expected to restrict AI chip exports. This withdrawal removes a significant potential headwind for NVIDIA, allowing them to continue selling high-end AI chips to global markets, including China, without new restrictions. The author believes this news is a major positive catalyst, especially right before NVIDIA's GTC conference, and is buying call options to capitalize on an expected price increase. The rule could be reintroduced later in a stricter form. The withdrawal might be for procedural reasons, not a policy change. The market may have already priced in this possibility, or the news could be insignificant.