Nvidia and its smaller rival Advanced Micro Devices have both agreed to remit 15% of the revenue they generated from AI chip sales in China to the Trump administration, The Wall Street Journal reported Sunday, citing people familiar with the matter.

Wells Fargo analysts expect the China export license agreement and the strength of the U.S. imports of automated data processing (ADP) machines as two catalysts that could drive the 20% rally in the Nvidia stock.