technology
NVIDIA Shares Rise to Record High After U.S. Clears H200 Chip Sales to 10 China Firms
NVIDIA shares climbed 2.4 percent and reached a record high following a report that U.S. officials cleared sales of the H200 chip to 10 firms in China. The development comes amid ongoing restrictions on advanced semiconductor exports to the country. @DeItaone reported the clearance and the resulting movement in NVIDIA shares.
May 14, 9:34 AM·1m read3 sources
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NVIDIA shares rose 2.4 percent and hit a record high after a report that U.S. officials cleared the company to sell its H200 chips to 10 firms in China. The stock's advance extended gains seen in recent sessions as investors reacted to the news of expanded sales access in a major market.
The H200 is part of NVIDIA's lineup of advanced computing chips used in data centers and artificial intelligence applications.
The report indicated that the approvals cover a specific set of 10 Chinese companies rather than a broad reopening of the market. U.S. export controls on advanced semiconductors to China have been in place for several years, with periodic adjustments based on national security reviews.
The clearance for the H200 follows earlier restrictions that limited sales of more powerful chips such as the H100 and A100 series. Industry participants have monitored such decisions closely because China represents a significant portion of global demand for high-performance GPUs.
The share price movement pushed NVIDIA's market value higher as trading continued. The stock had already been trading near all-time highs prior to the report. @DeItaone reported the development in three successive updates that highlighted both the regulatory clearance and the immediate 2.4 percent gain in the shares.
Market participants will watch for any further details on the scope of the approvals and whether additional products or buyers could receive similar clearances in coming months.
