BUZZ-Nvidia gains after report China told Alibaba, Tencent, ByteDance to prep H200 orders
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Nvidia's shares rose 1.7% to $188.05 in premarket trading after reports that Chinese officials have allowed Alibaba, Tencent, and ByteDance to prepare orders for Nvidia's H200 AI chips. This indicates that Beijing may soon approve imports of essential components for AI. The companies can now discuss order specifics, although Beijing will require them to purchase a certain amount of domestic chips for approval. Nvidia's stock has increased approximately 39% in 2025.
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