Investing.com — Nvidia (NASDAQ:NVDA) stock rose 1.5% Friday morning following a Bloomberg report that Chinese authorities have told major technology companies they can prepare orders for Nvidia’s H200 AI chips, suggesting Beijing may be close to formally approving imports of these critical AI components.
According to the report, Chinese regulators have granted in-principle approval for tech giants including Alibaba Group (NYSE:BABA), Tencent Holdings (OTC:TCEHY), and ByteDance to advance to the next stage of preparations for purchases. These companies can now reportedly discuss specific quantities they would require.
The development contradicts recent reports suggesting Beijing was blocking H200 shipments to China. The H200 chips are essential components for running artificial intelligence systems and represent a significant part of Nvidia’s high-performance computing portfolio.
Sources familiar with the matter indicated that Chinese officials would encourage companies to purchase a certain amount of domestic chips as a condition for approval, though no specific quota has been established yet.
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