🚨LATEST: The US has officially lifted the chip ban on China, per Reuters.



Alibaba, Tencent, and ByteDance are among 10 Chinese firms now approved to buy Nvidia's H200 chips.

China previously represented a market worth up to $8B annually and nearly a quarter of Nvidia’s revenue before the October 2023 export controls crushed the company’s market to nearly zero.

$NVDA shares surged to a new 52-week high, up +8% today after the U.S. Department of Commerce's approval.#GateSquareMayTradingShare
NVDA3.3%
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