Alibaba Group shares declined after Chinese authorities reportedly requested a pause on new Nvidia H200 AI chip orders, creating uncertainty around the company's anticipated AI roadmap.
- The pause is intended to allow Beijing to assess domestic chip integration requirements before proceeding with anticipated imports.
- The development tempers investor optimism regarding Alibaba's AI roadmap, despite earlier U.S. export license approvals.
- Shares were trading lower by 2.45% at $150.69.