$NVDA Jensen Huang ditched his signature leather jacket for a sharp suit and joined President Trump’s trip to China.
In a positive development, the U.S. Commerce Department has approved licenses for about 10 major Chinese companies including Alibaba, Tencent, ByteDance, and JD.com to purchase NVIDIA’s powerful H200 AI chips. Distributors like Lenovo and Foxconn have also been cleared. Each buyer can acquire up to 75,000 chips.
While these approvals are a welcome step, no shipments have been made yet. Chinese firms are proceeding cautiously, prioritizing domestic AI alternatives amid ongoing negotiations. Jensen’s presence in Beijing highlights just how vital the Chinese market remains for NVIDIA.$NVDA
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