The new restrictions will apply to the preexisting U.S. restrictions on shipments of advanced chips and chipmaking equipment to China, Reuters cites familiar sources.

The U.S. plans to block some AI chips that fall just under current technical parameters while demanding companies report shipments of others. 

The efforts specially focused on Nvidia, which promptly released new variants, including the H800 chips for the Chinese market that were less sophisticated and got around the U.S. export controls over the H100 chip.

The AI kingpin also remained in the headlines for multiple positive developments as the company attempted to boost its prospects.

Nvidia co-founder and CEO Jensen Huang appeared at Taipei’s Ningxia Night Market on Sunday night, fueling speculation about his attendance at an upcoming Foxconn event. 

Price Action: NVDA shares traded higher by 1.05% at $459.37 on the last check Monday.