$NVDA - CHINA CLEARS TECH GIANTS TO PREP NVIDIA H200 ORDERS
China has told major tech firms, including Alibaba, Tencent, and ByteDance, they can prepare orders for Nvidia’s H200 AI chips, signaling imminent approval of imports critical for AI development. Companies may now discuss quantities, though approvals will likely require some purchases of domestic chips.
The move boosted Nvidia shares by up to 2.3% premarket. It marks a potential win for Nvidia as China prioritizes AI infrastructure, despite recent reports suggesting shipments were being blocked.
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