Techub News reports that, according to CryptoBriefing, the U.S. Department of Commerce has approved approximately 10 Chinese companies, including Alibaba, Tencent, and ByteDance, to purchase Nvidia H200 AI chips, with each company allowed to buy up to 75,000 units. Boosted by this news, Nvidia's stock price rose nearly 4% on Thursday, reaching a market value of about $5.7 trillion, a new record high. This approval has reopened the door for Nvidia to access the important Chinese AI market. Although approval has been granted, there have been no actual deliveries of the H200 chips yet. Nvidia CEO Jensen Huang has traveled with the U.S. delegation to Beijing for high-level China-U.S. talks, and investors are hopeful that this visit will help boost stalled chip sales.

BABAON-3.29%
NVDA1.04%
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