China--Nvidia Ties Appear Back On
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Nvidia shares rose 1.54% to $187.69 as China signals a potential restart of H200 AI chip orders. Chinese officials have instructed major tech firms, including Alibaba, to prepare for purchases of Nvidia's H200 processors, despite ongoing scrutiny of advanced chip imports. This move indicates a balancing act by Beijing, as domestic cloud providers rely on H200 hardware for AI workloads. The timing coincides with Nvidia CEO Jensen Huang's upcoming trip to China, aiming to regain market momentum amid policy uncertainties.
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