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Good news, the U.S. Department of Commerce has approved approximately 10 Chinese companies, including Alibaba (BABA), Tencent (TCEHY), ByteDance (BDNCE), and JD.com (JD), to purchase NVIDIA's H200 chips, according to sources who requested anonymity due to the sensitivity of the matter.
NVIDIA's stock $NVDA rose 📈 shortly thereafter.
It seems that the purchasing power of major tech companies still matters, but no products have been delivered yet, leading to a major technology deal being put on hold.
Boss Huang is seeking breakthroughs in China this week.