The U.S. has approved the sale of H200 chips to 10 Chinese companies, and NVIDIA's U.S. stock surged over 2% in after-hours trading.

BlockBeats News, May 14th. According to Reuters, three sources familiar with the matter revealed that the United States has allowed 10 Chinese companies including Alibaba, ByteDance, Tencent, and JD.com to purchase Nvidia's H200 chips, but no actual deliveries have occurred yet. Distributors like Lenovo and Foxconn are also permitted to buy, with each approved company able to purchase up to 75,000 H200 chips. Following this news, Nvidia's U.S. stock saw a short-term uptick in after-hours trading, rising over 2% according to Bitget data.

Nvidia CEO Jensen Huang previously had a heated debate with the host on the Dwarkesh Patel podcast regarding "whether the U.S. should sell AI chips to Chinese companies." The host questioned whether providing high-performance AI chips to Chinese companies might weaken the U.S.'s AI leadership. Huang responded by stating that the U.S. should maintain its leadership, continue to innovate, and allow global AI developers to operate on the U.S. technology stack, which is more advantageous for the U.S. Export controls have had a counterproductive effect. Restrictive measures have accelerated the rise of China's domestic chip industry, forcing the Chinese AI ecosystem to shift towards optimizing for domestic hardware. He also argued that one should not presume with a "loser mentality" that U.S. companies will lose the Chinese market.