NVIDIA’s stock hit an all-time high of $236.46 on Thursday after the U.S. government allowed the company to sell its H200 chips to about ten Chinese companies. CEO Jensen Huang called the recent summit between President Trump and Chinese leaders a historically significant event.
The Department of Commerce has given the green light for Alibaba, Tencent, ByteDance, and JD.com to buy NVIDIA’s most powerful AI chips. Lenovo and Foxconn are approved to sell those chips as distributors. This decision removes previous restrictions that had blocked access to approximately $8 billion in potential sales each year.
Chip Ban Reversal Lands Top Chinese Buyers
Reuters reports that the U.S. Department of Commerce has approved the purchase of H200 chips by approximately ten Chinese companies.
Breaking news: The U.S. government has reportedly approved around ten Chinese companies to purchase NVIDIA’s H200 chips. Sources indicate that Alibaba (BABA), ByteDance, Tencent (TCEHY), and JD.com are among those approved. Lenovo and Foxconn, along with other distributors, have also received approval.
— Sam Badawi (@Sam_Badawi) May 14, 2026
New export restrictions in October 2023 largely prevented China from buying NVIDIA’s most powerful chips. China had previously been a major market for NVIDIA, accounting for almost 25% of its total sales.
No products have been shipped yet, as Beijing is still checking the details of these deals. How fast China finishes its review process will decide when we start seeing this change reflected in our financial reports.
NVIDIA Stock Lifts Market Cap Past $5.5 Trillion
As a researcher tracking market trends, I’ve been observing NVIDIA’s incredible growth. It recently hit a market value of $5.52 trillion, which is astounding – it now surpasses silver as the second most valuable asset globally. In fact, its economic size is bigger than the GDP of every country except the US and China. And it’s not alone; Alphabet is also closing in on the $5 trillion mark, currently just under 4% away.
As an analyst, I’m seeing a strong market reaction to the Commerce Department’s recent ruling, with NVIDIA’s stock price jumping significantly. The key here is China – traders believe unlocking Chinese demand is what NVIDIA needs to really accelerate its data center growth. Before the export restrictions, China was a massive market for them, generating around $8 billion in revenue each year, but that figure dropped to almost nothing once those controls were put in place.
How soon NVIDIA can boost its data center sales after the U.S. eased restrictions depends on whether China approves the initial shipments of its H200 chips. The bigger question is whether the strong demand for AI hardware will continue to drive a difference between the high values placed on tech companies and the prices of actual materials used to build them.
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2026-05-14 19:26