Was NVIDIA particularly affected?

Yes, NVIDIA (NVDA) led the gains, but the entire sector saw an uptick.

Semiconductor Stocks Rally on Reports China May Ease AI Chip Restrictions

Q: Which other companies rallied?

Shares of Entegris, onsemi, and Power Integrations also rose.

Shares of semiconductor companies rallied in afternoon trading, driven by reports that China may ease restrictions on imports of advanced AI chips from NVIDIA.

July 9, 2026

2 min read

Source: StockStory

Shares of several semiconductor stocks jumped in the afternoon session as the sector rebounded amid dip buying following a recent selloff, after reports revealed that China may ease restrictions on advanced NVIDIA AI chip imports.

Potential Causes

The direct catalyst for the rally is unconfirmed reports that the Chinese government may allow imports of NVIDIA's (NVDA) advanced AI chips, which have been subject to strict U.S. export controls. This development could open a massive market for NVIDIA's products, boosting investor hopes for a sector recovery.

Context

The rally comes after a sharp selloff in semiconductor stocks in recent days, prompting investors to buy the dip. Shares of Entegris, onsemi, and Power Integrations also surged, indicating a broad upswing in the sector.

Similar Moves in the Sector

Gains were not limited to NVIDIA; other companies such as Entegris (ENTG), onsemi (ON), and Power Integrations (POWI) also rose, reflecting broad optimism in the semiconductor space.

Frequently Asked Questions

Stocks rallied on reports that China may ease restrictions on imports of advanced AI chips from NVIDIA.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.