Nvidia hits new peak, market cap crosses $5.6 trillion after report on US nod for H200 chip sales to China
Extending their bull run for the seventh straight trading session on Thursday, 14 May, shares of Nvidia advanced another 5% to hit a fresh record high of $236.47 after Reuters reported, citing sources, that the US has cleared about 10 Chinese firms to buy its second-most powerful AI chip, the H200.
According to the report, the approved buyers include Alibaba, Tencent, ByteDance, and JD.com, while Lenovo and Foxconn were cleared to distribute the chips. Sources said each approved customer could purchase up to 75,000 H200 chips under US licensing rules.
