China Reportedly Signals Green Light For Nvidia H200 Chips — NVDA Stock Rises Pre-Market

• According to a CNBC report, Nvidia CEO Jensen Huang is slated to visit China in his latest bid to discuss logistical challenges involved in supplying U.S.-approved chips to buyers in the country.
• Huang is also expected to attend an Nvidia party in Beijing on Monday next week.
• This comes after a report by The Information last week stated that Chinese authorities will only approve purchases of Nvidia H200 chips for limited purposes, such as research.

Chinese authorities have reportedly granted in-principle approval to Alibaba Group Holdings (BABA), Tencent Holdings (TCEHY), and ByteDance to prepare their orders for Nvidia Corp.’s (NVDA) H200 AI chips.

According to a Bloomberg report citing people familiar with the matter, regulators in the country have told top technology firms they can move to the next stage in preparing orders for Nvidia H200 chips.

Nvidia shares were up nearly 2% in Friday’s pre-market trade. Retail sentiment on Stocktwits around the company was in the ‘neutral’ territory, with the stock being among the top trending tickers on the platform at the time of writing.

Huang Heads To China

According to a CNBC report, Nvidia CEO Jensen Huang is slated to visit China in his latest bid to discuss logistical challenges involved in supplying U.S.-approved chips to buyers in the country.

Huang is also expected to attend an Nvidia party in Beijing on Monday next week. This comes after a report by The Information last week stated that Chinese authorities will only approve purchases of Nvidia H200 chips for limited purposes, such as research.

During the Consumer Electronics Show in Las Vegas earlier this month, Huang said demand for Nvidia H200 chips in China is very strong. He also said that the company has restarted production and is awaiting approvals from the U.S.

China’s Reported Flip-Flops

Earlier this month, China reportedly asked domestic companies to pause their orders for Nvidia H200 chips as it sought to strengthen its local semiconductor industry. While the H200 is not the most powerful AI chip in Nvidia’s portfolio, it is currently the highest-level chip allowed for export by the Trump administration.

NVDA stock is down 2% year-to-date and 88% over the past 12 months.

Also See: China Expands Review Of Meta's $2 Billion Manus Acquisition To Cross-Border Currency Flows, Tax Issues: Report

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