Trump administration clears Nvidia H200 chip sales to China as tech rally builds

The Trump administration has cleared Nvidia's H200 AI chips for export to Chinese customers, according to reports surfacing during the first day of the Beijing summit between President Donald Trump and Chinese counterpart Xi Jinping. CNBC said US officials are preparing to reopen channels with China's largest technology firms.

The H200 is significantly more powerful than the H20 model approved last year, and analysts say Beijing's hyperscale cloud providers have long sought it for large-model training. Previous curbs had sharply reduced Nvidia's China revenue. The stock rose more than four percent in Asian trading, while Alibaba and Baiwu American depositary receipts also opened higher.

The summit agenda covers tariffs, AI chips and rare earth elements. Investors now await a formal statement from the US Commerce Department. A pointed remark from Xi warning that mishandling Taiwan could lead to a clash tempered hopes that the meeting will be entirely smooth.