China has approved the purchase of Nvidia’s (NVDA) H200 AI chips for the first time, authorizing several Chinese customers, including Alibaba (BABA) and ByteDance, to buy an initial batch worth about $10B, The Wall Street Journal’s Raffaele Huang reports. The move signals easing U.S.-China tensions following last year’s trade truce and comes ahead of a planned visit by President Trump to China in April.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Here’s Why Iren Stock Jumped 15% and What Wall Street Sees Next
- Why AI Chip Stocks Are Rising in Pre-Market Today
- SK Hynix Inc. Reports Record Earnings on AI Memory Growth
- Nvidia Stock (NVDA) Jumps after China Approves First H200 AI Chip Imports
- Richtech Robotics Stock (RR) Exploded 45% in One Day — Here’s Why
