Nvidia Rises on Report China May Allow Limited H200 Sales in $50 Billion Market
Updated
Updated · CNBC · Jul 8
Nvidia Rises on Report China May Allow Limited H200 Sales in $50 Billion Market
3 articles · Updated · CNBC · Jul 8
Summary
Nvidia shares climbed Wednesday after The Information reported China may let a handful of AI companies buy limited quantities of H200 chips.
The report matters because Washington already approved H200 export licenses earlier this year, but Nvidia still has generated no China revenue as Beijing has restricted imports over security concerns.
China access remains uncertain: a January Reuters report said ByteDance, Alibaba and Tencent could buy H200 chips, yet no meaningful orders or sales followed.
The move stood out in a weaker market hit by oil and rates—WTI crude jumped to $74 and the 10-year Treasury yield rose to about 4.58%—while AI stocks rebounded.