Nvidia Shares Rise After Report on H200 Chip Sales to China
Shares of Nvidia moved higher on Thursday after reports emerged that the United States had approved several Chinese companies to purchase the company’s H200 AI chips.
The stock gained 2.8% shortly after the market open as investors reacted positively to signs that Nvidia could revive its stalled AI chip business in China.
According to Reuters, around 10 Chinese firms have received approval to buy the H200, Nvidia’s second-most powerful artificial intelligence chip. However, no shipments have been finalized yet.
Jensen Huang Joins Trump’s China Visit
Nvidia CEO Jensen Huang reportedly joined the U.S. delegation to China during President Donald Trump’s high-profile visit to meet Chinese President Xi Jinping.
Reuters reported that Huang was not originally scheduled to participate in the trip but later joined following an invitation from Trump.
The visit has fueled speculation that ongoing diplomatic discussions between Washington and Beijing could help ease restrictions around Nvidia’s advanced AI chip sales to China.
Major Chinese Tech Firms Approved for H200 Purchases
According to the report, the U.S. Commerce Department approved approximately 10 Chinese companies to purchase Nvidia H200 chips.
The list reportedly includes major Chinese technology firms such as Alibaba, Tencent, ByteDance, and JD.com.
Several distributors, including Lenovo and Foxconn, also reportedly received approval to facilitate sales.
Each approved buyer is said to be allowed to purchase up to 75,000 H200 chips either directly from Nvidia or through authorized distributors.
Lenovo confirmed that it is among the companies approved to distribute Nvidia’s H200 chips in China under the company’s export license framework.
No Final Deals Reached Yet
Despite the approvals from U.S. authorities, no completed transactions have been announced so far.
Reuters reported that several Chinese companies have become more cautious following guidance from Beijing, where officials are reportedly increasing scrutiny around advanced AI chip purchases from U.S. companies.
The report added that growing political pressure inside China could potentially slow or block some orders.
At the same time, changes in U.S. policy and export rules may also be contributing to uncertainty, although the exact details remain unclear.
China Remains Critical for Nvidia’s AI Business
Before tighter U.S. export restrictions were introduced, Nvidia controlled approximately 95% of China’s advanced AI chip market.
China previously accounted for around 13% of Nvidia’s total revenue, highlighting the country’s importance to the company’s long-term growth strategy.
Huang has also previously estimated that China’s artificial intelligence market alone could reach $50 billion this year, underlining why Nvidia continues pushing to regain momentum in the region.
The latest developments suggest that geopolitical negotiations and technology export policies could play a major role in shaping the future of the global AI semiconductor market.
