China informs biggest tech firms that they can prep orders for NVIDIA's (NVDA) H200 chips, according to Bloomberg citing sources

This news suggests a potential thaw in U.S.-China relations regarding tech supply, enabling major Chinese firms to order NVIDIA's H200 chips.

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[MARKET UPDATE] Upside seen in NQ, rising from 25,573 to 25,640 within a few minutes; NVDA +2% pre-market following reports that China approves some tech firms to purchase H200 chips

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China informs biggest tech firms that they can prep orders for NVIDIA's (NVDA) H200 chips, according to Bloomberg citing sources

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  • Companies are now allowed to discuss things such as the number of chips they would require.
  • The source also suggests China will encourage firms to purchase a specific number of domestic chips.
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Depending on how this is perceived, it could lead to increased demand for NVIDIA's products and possibly strengthen their market position in the semiconductor space, impacting related equities and overall sentiment in the sector.

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