- NVIDIA stock hit $236.46 after U.S. approval reopened H200 chip sales for China firms.
- Alibaba, Tencent, ByteDance, and JD.com gained clearance to purchase NVIDIA H200 chips.
- Beijing Review would decide when NVIDIA could start H200 chip shipments to Chinese buyers.
NVIDIA stock reached a record $236.46 on Thursday after Washington approved H200 chip sales to about 10 Chinese firms. The decision reopened access to a major AI chip market that had been restricted under U.S. export controls.
The Department of Commerce cleared H200 purchases for Alibaba, Tencent, ByteDance, and JD.com. Lenovo and Foxconn also received approval as distributors.
NVIDIA H200 Approval Reopens China Sales Route
According to a Reuters report, the U.S. Department of Commerce signed off on H200 purchases for around 10 Chinese companies. The approval covers NVIDIA’s flagship AI accelerator for selected Chinese buyers.
The decision marks a shift from restrictions imposed in October 2023. Those export controls had effectively blocked China from NVIDIA’s most advanced chip inventory.
China was once a major market for the company. The region had generated nearly a quarter of NVIDIA’s revenue before tighter U.S. controls affected sales.
The market was also worth about $8 billion in annual sales before the restrictions. After the curbs, access to that revenue stream fell sharply.
NVIDIA stock climbed after the Commerce Department approval. As of press time, NVDA is trading at $233.56, up almost 3.42% since Thursday’s session opened.
However, no physical deliveries have taken place so far. Beijing is still reviewing the transactions from its side.
The pace of Chinese approval would decide how quickly the U.S. policy change affects reported revenue. It would also shape the timing of the first H200 shipments.
NVIDIA Market Value Surges as China Review Continues
The broader tech rally pushed Nvidia’s market value to about $5.65 trillion. Separate market reports said the valuation placed the company above silver as the world’s second-largest asset by aggregate value.
Source: CoinMarketCap
The move helped support a wider technology rally. Reuters reported that the S&P 500 and Nasdaq touched fresh intraday record highs as NVIDIA and other tech shares advanced.
The company’s market capitalization now exceeds the gross domestic product of every country except the United States and China. Alphabet remains less than 4% below the $5 trillion mark.
However, before U.S. export curbs tightened, NVIDIA held about 95% of China’s advanced chip market. China also accounted for 13% of the company’s revenue.
CEO Jensen Huang has previously estimated that China’s AI market alone would be worth $50 billion this year. He also described President Trump’s China summit as one of the most important in human history.
For now, NVIDIA stock remains linked to regulatory timing. Washington has cleared selected H200 sales, but Beijing’s review will decide when shipments begin.
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