Beijing Weighs Limited H200 Approvals; Nvidia Shares Hold Near $197

As of July 9, fresh reports show Beijing is weighing capped approvals for Nvidia H200 chips to select Chinese AI firms. The story broke July 8 when multiple outlets detailed that Alibaba, ByteDance and DeepSeek may receive conditional permission for fewer than 200,000 units strictly for AI model training. This marks a modest easing after China revenue fell near zero under prior export curbs. Nvidia shares rose about 1% and traded around 196.78-197.07. Separately, the company invested A$720 million in Australian cloud startup Firmus Technologies, underscoring its global AI infrastructure push amid the incremental China reopening.