Nvidia (NVDA) Stock: China Finally Greenlights H200 Chip Orders Worth $30 Billion

TLDR Nvidia stock climbed 1.5% after Bloomberg reported China granted preliminary approval for tech companies to order H200 AI chips Chinese tech giants Alibaba, Tencent, and ByteDance can now discuss specific purchase quantities with Nvidia Chinese companies could buy around 1.5 million H200 chips worth roughly $30 billion in revenue Nvidia agreed to give the [...]

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