Nvidia Up 1.8% After US H200 Clearance

Nvidia premarket stock rose 1.8% after Reuters reported U.S. cleared about ten Chinese firms to buy H200 AI chips.
Approved buyers include Alibaba, Tencent, ByteDance, JD.com and distributors Lenovo and Foxconn, each allowed up to 75,000 chips directly or via intermediaries.
Despite clearance, no deals closed as Chinese firms retreat under Beijing guidance, while Nvidia previously held ~95% of China's advanced chip market.
China represented about 13% of Nvidia revenue and its AI market is projected at $50 billion this year, highlighting growth potential.