Nvidia Slides 4% to $226.80 as China Skips H200 Orders Despite US Nod

Nvidia shares fell nearly 4% intraday on May 15 to $226.80, erasing about $170 billion from its market cap after Chinese firms refrained from ordering H200 chips despite earlier U.S. export approvals. The drop reversed a sharp 20% rally over the prior seven sessions that had followed reports of clearance for up to 10 Chinese companies including Alibaba. Profit-taking ahead of May 20 earnings, options-expiry flows, and broader tech weakness amplified the move, though underlying AI demand forecasts remain intact.