Nvidia (NVDA) remains in focus on Monday after the artificial intelligence (AI) behemoth said it has signed a landmark deal with the White House to resume its business in China. President Donald Trump has agreed to issue an export license that will enable NVDA to continue selling chips in the world’s second-largest economy.

The arrangement crafted by the Trump administration is “unusual,” analysts told CNBC, but underscores the transactional nature of the current White House leader.

Wall Street's main indexes were down on Monday as investors await inflation data this week and chip companies seesawed after agreeing to share a portion of revenue from China sales with the U.S. under a trade policy shift from the Trump administration.