Nvidia shares rise after U.S. clears Chinese firms for H200 pre May 20

Nvidia shares rose during a recent trading session after U.S. authorities approved about 10 Chinese technology companies to acquire the company’s H200 AI chips, according to the reports, extending a rally ahead of Nvidia’s earnings announcement scheduled for May 20. The move highlighted the central role Nvidia hardware is expected to play in AI infrastructure buildouts, even as cross-border export approvals and delivery timelines remain uncertain.

The approved companies include Alibaba, Tencent, ByteDance and JD.com, with distribution partners Lenovo and Foxconn also cleared, the reports said. Each approved entity may be able to purchase up to 75,000 H200 units, either directly from Nvidia or through authorized channels. Despite the clearances, no deals were reported as finalized. The reports said Chinese enterprises have paused submitting purchase orders after direction from Beijing, leaving Nvidia with regulatory permission but potential delays in shipments.

The approval comes amid continuing scrutiny of how exported AI chips are used and how quickly sales translate into on-the-ground demand. Nvidia has previously reported excluding or limiting China-related revenue...