US Reportedly Allows Limited Nvidia H200 Exports to China, What's Driving the Global Semiconductor Rebound?
Following reports that the US has allowed limited purchases of Nvidia's H200 chips by China, Nasdaq tech stocks and domestic semiconductor shares have surged, restoring investor sentiment.
[Breaking News, July 9, 2026] Reports indicating that the US government has suddenly permitted the limited purchase of Nvidia H200 chips by China have sparked a strong market rebound, overcoming the severe risk aversion caused by recent geopolitical tensions. The Nasdaq Composite Index has turned positive, surpassing the 25,870 mark, as massive bargain hunting flows into the global semiconductor value chain.
Background of US Stance Change and Global Market Impact
This export approval is interpreted as a strategic move to maintain the overwhelming market share and profitability of US companies amidst the global AI tech hegemony race. With the H200, Nvidia's core AI accelerator, finding a partial gateway back into the Chinese market, expectations for upward revisions to Nvidia's second-half earnings guidance are swelling.
- Turnaround in Tech Sentiment: The Nasdaq market, previously constrained by Middle Eastern geopolitical risks, has secured a powerful upside catalyst driven by AI semiconductor optimism.
- Reigniting the Global Semiconductor Rally: Shares of major global semiconductor equipment and foundry companies, such as TSMC and ASML, are demonstrating synchronized strength.
Beneficiary Outlook for Domestic Semiconductor Giants
The resumption of Nvidia chip exports to China acts as a direct tailwind for the domestic HBM (High Bandwidth Memory) supply chain. In early trading, foreign and institutional buying on the KOSPI was heavily concentrated in large-cap semiconductor stocks.
- SK Hynix: As Nvidia's core HBM supplier, this favorable news is expected to be a strong catalyst for valuation rerating ahead of its upcoming Nasdaq ADR listing in the second half of the year.
- Samsung Electronics: With aggressive bargain-hunting capital flowing in, the stock is attempting a clear rebound while defending the broader index.
Investor FAQ: Key Checkpoints
Q. Does this measure mean a complete relaxation of US semiconductor sanctions against China?
No. This is not a comprehensive lifting of sanctions, but rather a conditional and limited approval for specific cutting-edge chips (H200). Strict monitoring to prevent diversion for advanced military purposes will likely run in parallel.
Q. Is now a good time to average down (buy the dip) on domestic semiconductor stocks?
Amidst the global stock market correction, this issue provides strong rebound momentum. However, as short-term profit-taking (e.g., massive retail net selling) is occurring, the consensus among brokerages is that an approach centered on large-cap stocks from a split-purchase perspective remains valid.