NVIDIA Reaches Record High Amid H200 Chip Approval for Major Chinese Firms
NVIDIA stock hit a record high of $236.46 after the U.S. Department of Commerce approved sales of its advanced H200 chips to major Chinese companies like Alibaba and Tencent, reversing prior export restrictions. The decision could unlock up to $8 billion in annual revenue from China, which previously accounted for nearly 25% of NVIDIA's income.
Topics: China trade policy H200 chip sales market cap record NVIDIA