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N Nvidia (NVDA) shares are inching higher on Thursday following reports that the U.S. has approved H200 sales to 10 major Chinese firms.
The U.S. has approved Nvidia H200 AI chip sales to 10 major Chinese firms, including Alibaba.
KEY POINTS
- Each approved Chinese company can purchase up to 75,000 H200 chips, vastly expanding Nvidia's market.
- President Trump disclosed a new multi-million-dollar investment in Nvidia in Q1 while reducing other tech holdings.
- The U.S. approval marks the first major easing of chip restrictions on China in over a year.
COMPANIES
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