Why NVIDIA Stock Is Rising Today After U.S. H200 Approval
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NVIDIA stock hit a record $236.46 after the U.S. Department of Commerce cleared H200 AI accelerator sales to about 10 Chinese firms, including Alibaba, Tencent, ByteDance and JD.com, with Lenovo and Foxconn approved as distributors and Beijing Review to decide shipment timing. Reopening this China market boosts NVIDIA’s revenue potential and could accelerate AI capacity for Chinese tech firms, potentially benefiting crypto infrastructure, CEX/DEX services, DeFi analytics and broader adoption.
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- NVIDIA stock hit $236.46 after U.S. approval reopened H200 chip sales for China firms.
- Alibaba, Tencent, ByteDance, and JD.com gained clearance to purchase NVIDIA H200 chips.
- Beijing Review would decide when NVIDIA could start H200 chip shipments to Chinese buyers.
NVIDIA stock reached a record $236.46 on Thursday after Washington approved H200 chip sales to about 10 Chinese firms. The decision reopened access to a major AI chip market that had been restricted under U.S. export controls.
The Department of Commerce cleared H200 purchases for Alibaba, Tencent, ByteDance, and JD.com. Lenovo and Foxconn also received approval as distributors.
NVIDIA H200 Approval Reopens China Sales Route
According to a Reuters report, the U.S. Department of Commerce signed off on H200 purchases for around 10 Chinese companies. The approval covers NVIDIA’s flagship AI accelerat…
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