Alibaba Group Holding Ltd received a significant boost to its AI initiatives after Chinese regulators reportedly approved the first imports of Nvidia H200 AI chips for leading domestic tech firms.
- This regulatory greenlight is crucial for supporting Alibaba’s cloud infrastructure and the development of its large language model, such as Qwen-3.
- The approval removes a key geopolitical supply chain hurdle, fueling positive investor sentiment.
- Shares of BABA reacted positively to the news, gaining 1.70% in the last trading session.