The United States approves Nvidia H200 chip sales to China, stock price hits a new high

Techub News reports, according to CryptoBriefing, that the U.S. Department of Commerce has approved approximately 10 Chinese companies, including Alibaba, Tencent, and ByteDance, to purchase Nvidia H200 AI chips, with each company allowed to buy up to 75,000 units. Boosted by this news, Nvidia's stock rose nearly 4% on Thursday, reaching a market value of approximately 5.7 trillion U.S. dollars, a record high. This approval has reopened the door for Nvidia to the important Chinese AI market. Although the license has been granted, no H200 chips have been delivered yet. Nvidia CEO Jensen Huang has joined a U.S. delegation to Beijing for high-level Sino-U.S. talks, and investors hope this visit will help boost stalled chip sales.