Chinese regulators have signaled that major tech firms, including Alibaba (BABA), Tencent (TCEHY), and ByteDance, can begin preparing orders for Nvidia’s (NVDA) H200 AI chips, indicating Beijing is close to formally approving these AI components, Bloomberg reports. Approval is contingent on companies purchasing a certain amount of domestic chips, though specific targets have not yet been set, the publication notes. Shares of Nvidia are up 1.3% in premarket trading.
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