Just after the meeting, approval was granted for 10 Chinese companies, including Alibaba, to purchase Nvidia's H200 chips (without any deliveries yet) 🚀

But this is not a full lifting of restrictions, rather a limited, controlled easing of commercial restrictions. Although the H200 is Nvidia's second-tier high-performance AI chip, the core logic of U.S. 🇺🇸 export controls on Chinese chips—preventing cutting-edge technology from aiding military AI—has not changed since 2022. This license has clear limits and requires individual review, indicating that the U.S. maintains a red line on national security while leaving some commercial space for enterprises.

It is evident that @nvidia is eager to open up the Chinese market, as previous chips like H100 were restricted, and major Chinese firms also need computing power to support cloud AI and model training, creating a short-term overlap of interests.

There are also some underlying implications:
① Regarding China-U.S. relations: Against the backdrop of Trump-Xi meetings, this may be a pragmatic compromise signal—economic interests coexist with technological competition, rather than zero-sum decoupling.

② For China's AI industry: Short-term benefits include quickly filling the computing power gap; but with each company having 75,000+ chips and no deliveries yet, scale remains limited, and China has already promoted domestics like Huawei Ascend, so long-term acceleration of independence is still needed.

③ For the global supply chain: Nvidia's stock price has already responded modestly, highlighting that China remains one of the largest potential markets for AI hardware worldwide.

The good news is that the tech war has entered a new stage of controllable competition—both bottlenecking and leaving windows of opportunity. In the long run, those who can truly master autonomous core technologies will hold the initiative. Rationally view this, avoid overinterpreting the situation as a complete turnaround, and do not underestimate the endurance of a prolonged struggle.