Nvidia (NASDAQ:NVDA) shares gained around 1.5% on Friday after a Bloomberg report suggested that Chinese regulators are moving closer to approving imports of the company’s H200 artificial intelligence chips.
According to the report, Chinese authorities have informed several major technology groups that they may begin preparing orders for the advanced processors. Firms including Alibaba Group (NYSE:BABA), Tencent Holdings (USOTC:TCEHY) and ByteDance have reportedly received in-principle clearance to move forward to the next phase of procurement planning, including discussions around the volumes they may seek to purchase.
The update runs counter to recent speculation that Beijing was restricting shipments of Nvidia’s H200 chips into China. The H200 is a key component for training and operating large-scale AI models and forms a core part of Nvidia’s high-performance computing lineup.
People familiar with the matter said regulators are expected to encourage buyers to include domestically produced chips as part of any approval process, although no formal purchase ratios or quotas have been set at this stage.