Nvidia hits record high as US clears H200 chip sales to China
Crypto Briefing
Nvidia shares reached a record high following US approval for the company to sell H200 AI chips to select Chinese firms.Summary
Nvidia's stock climbed to an all-time high after the US government cleared approximately 10 Chinese companies, including Alibaba, Tencent, and ByteDance, to purchase its H200 AI chips. While this move provides a significant sales opportunity, no shipments have been completed yet, reflecting ongoing geopolitical tensions. The news coincides with CEO Jensen Huang's inclusion in a US delegation to Beijing, sparking optimism that these high-level discussions may facilitate the realization of these chip sales.
(Source：Crypto Briefing)