NVDA Stock Jumps Premarket: US Reportedly Clears H200 Chip Sales To 10 China Firms

• Nvidia CEO Jensen Huang is in China as part of a delegation led by U.S. President Donald Trump.
• The two-day summit is expected to address issues including trade, the Iran war, and Taiwan.
• Stocktwits sentiment for NVDA remained ‘extremely bullish.’

Nvidia shares inched over 2% higher in early premarket trading, extending their rally, as investors tuned into news from China, where U.S. President Donald Trump and top tech executives, including the chipmaker’s CEO Jensen Huang, are holding bilateral talks with Chinese leadership.

Chatter on Stocktwits indicated that retail investors see Huang’s last-minute entry as a potentially crucial catalyst for the company, particularly if it helps secure a breakthrough in the trade deadlock that has blocked Nvidia server sales to Chinese customers.

With meetings underway in Beijing, Reuters reported, citing its sources, that the U.S. Commerce Department has approved the sale of Nvidia’s H200 to as many as 10 Chinese firms. The list includes Alibaba, Tencent, ByteDance, and JD.com.

Alibaba’s U.S.-listed shares declined 3.4% in the premarket session, while JD’s stock fell nearly 2%

A handful of distributors, including Lenovo and Foxconn, have also been approved, according to the report. Buyers can purchase either directly from Nvidia or through intermediaries, and each approved customer can purchase up to 75,000 chips under the U.S. licensing terms, according to Reuters.

Meanwhile, Huang told ​state broadcaster CCTV ‌on Thursday that he hoped ​Trump and his Chinese ​counterpart Xi Jinping would ⁠build on their ​good relationship during talks ​in Beijing to improve two-way ties.

Retail View On NVDA

On Stocktwits, the retail sentiment for NVDA held firmly in the ‘extremely bullish zone, unchanged since last week, with several traders expecting the stock to rally ahead of Nvidia’s quarterly report next week.

“$NVDA going up on china speculation is crazy…this is a $250 stock minimum with no china revenue,” said a trader.

NVDA’s China Pressures

Investor sentiment and gains across semiconductor stocks have surged to record highs lately. Until recently, Nvidia, the sector’s standout player, has curiously lagged behind. Among other factors, the erosion in the company’s business in China due to U.S. export restrictions has been a key overhang.

Huang recently said Nvidia’s revenue from China has effectively dropped to zero, reiterating the detail from the company’s latest results. Just two years ago, Nvidia was a dominant chip supplier in the region, accounting for $25 billion in market sales, or 32% of the company’s total revenue in 2024.

Nvidia shares gained 14% in April. In comparison, the iShares Semiconductor ETF (SOXX) rallied 40.4%, recording its best month on record.

However, NVDA has picked up steam lately. As of Wednesday, the stock had risen for six straight sessions, for a total of 15%.

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