CNBC's Deirdre Bosa reports on news regarding Nvidia's sales to China.

Beijing

Nvidia has received approval to sell its H20 chips to China, though these are not among the company's most advanced products. The H20 chip is valued in China due to its compatibility with Nvidia's CUDA software, which is widely used for AI development. Despite earlier restrictions that limited Nvidia's ability to sell higher-end chips to China, the company has continued to perform strongly, as sales to China represent only a portion of its overall business.

Nvidia's dominance is further supported by its comprehensive ecosystem, including its influential software platform and growing demand for AI infrastructure globally. Major technology companies are increasing their investments in computing capacity, benefiting Nvidia even as competition in the AI sector intensifies.

Nvidia allowed to sell to China: The company's market opportunity

You're not a breakdown what it might mean for this in video and everything else. It seemed to see tech check co-anchor Dear Draboza and Deirdre. Here's what's interesting Yesterday Howard Lutnick. I pressed him on Nvidia. I think you heard this and he said well, we're allowing them to sell the fourth Best Nvidia chip to China. Is that how others would characterize the what is it the h20? Yeah the h20 I mean it is not even close to any of Nvidia's best chips But you know the Chinese have done a really good job around optimizing around older hardware And that's why the h20 is valuable in China but what I would say when we talk about this sort of Nvidia picture and what makes Wall Street so bullish talking about five and you're not crazy to say six trillion dollars Brian at this point It's not just about chips. It's about the whole Nvidia ecosystem we talked about this yesterday, but the CUDA software has been so critical to Nvidia's continued success and Continued dominance and that's also why the Chinese are prepared to take this less performant h20 chip Because it operates on the software and that's what everyone is building on right? So that has been extremely positive for Nvidia and even without China I mean the China headlines when they couldn't sell I mean it was a huge hit billions and billions of dollars yet Nvidia Still continued to do well because it's only a small part of the story There's inference right that comes after training once you have the models It's about how much the models are being used by enterprise by consumers every single day That is just like a hockey stick going up and up. So it has inference in its favor It has the huge capex you mentioned Brian all these companies you have Zuckerberg this week saying he wants to spend hundreds of billions Of dollars in compute capacity. We know Google's doing the same thing You've got project Stargate with open AI and Oracle You just got a lot going in its favor And even though there's more competition in this phase of the AI race inference versus training It's in videos ecosystem that keeps it so dominant not just in China, but everywhere in the world and it's rate of progress

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Damascus

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London

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Kyiv

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Mexico City

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At least 20 Palestinians were killed on Wednesday (July 16) at an aid distribution site run by the Gaza Humanitarian Foundation, in what the U.S.-backed group said was a crowd surge instigated by armed agitators. This video contains graphic images.

Jerusalem

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Encino

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Hollywood

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Moscow

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As Suwayda

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Two laptops and hard drives containing watermarked and unreleased music by Beyoncé were stolen from her choreographer’s rental car in Atlanta, according to police.

Atlanta

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An Air India Boeing airplane crashed in northwestern India in June, killing all people on board but one passenger. India's aviation regulator has now ordered airlines to examine fuel control switches on several Boeing models.

New Delhi

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At least two people were killed in a New Jersey flash flooding event, Gov. Phil Murphy said Tuesday morning as heavy rains are expected to continue battering the Northeast. CBS News' Rob Marciano has more details.

New Jersey

Two killed in New Jersey flash flooding

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Doha

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Sicily

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Breakdown