Nvidia's Market Cap Surpasses $5.6 Trillion Amid US Approval for H200 Chip Sales to China
Nvidia hits new peak, market cap crosses $5.6 trillion after report on US nod for H200 chip sales to China
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Nvidia's shares surged by 5% to reach a record high of $236.47, pushing its market capitalization above $5.6 trillion. This rise follows reports of US approvals allowing select Chinese firms, including Alibaba and Tencent, to purchase the H200 AI chip, albeit under strict conditions.
- 01Nvidia's shares hit a record high of $236.47 after a 5% increase.
- 02The US has approved about 10 Chinese firms to buy the H200 AI chip.
- 03Each approved customer can purchase up to 75,000 H200 chips.
- 04Nvidia's market capitalization has surpassed $5.6 trillion.
- 05Despite approvals, sales have not yet been completed due to Chinese government restrictions.
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On May 14, 2026, Nvidia's stock rose by 5%, reaching a record high of $236.47 and pushing its market capitalization over $5.6 trillion. This surge followed a report from Reuters that the US government has cleared approximately 10 Chinese firms, including major players like Alibaba, Tencent, ByteDance, and JD.com, to purchase Nvidia's H200 AI chip. Each approved firm can acquire up to 75,000 chips, but the US has imposed strict conditions, including a prohibition on military use and a requirement for the chips to pass through US territory for testing before export. Despite these approvals, actual sales have yet to occur, as Chinese firms are reportedly hesitant to proceed, influenced by Beijing's push for self-reliance in semiconductor technology. Nvidia's CEO, Jensen Huang, had previously highlighted the potential of China's AI market, estimated at $50 billion this year. With a strong earnings history, Nvidia is expected to report its fiscal first-quarter results on May 20, 2026.
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If sales of the H200 chips proceed, it could significantly boost Nvidia's revenue and influence the semiconductor market dynamics between the US and China.
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