By Vicky McKeever
Publication Date: 2026-01-28 09:35:00
Shares in Nvidia (NVDA) rose nearly 2% in pre-market trading on Wednesday, following reports that China had approved the first purchases of the company’s H200 AI chip.
Reuters reported early on Wednesday morning that approval had been given to ByteDance, Alibaba (9988.HK) and Tencent (0700.HK) to purchase a total of 400,000 H200 chips, citing people familiar with the matter.
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Approval was reportedly granted during Nvidia (NVDA) CEO’s Jensen Huang’s trip to China this week.
President Donald Trump announced in December that the US would allow Nvidia to sell its more powerful H200 chips to China.
The company had not responded to Yahoo Finance UK‘s request for comment at the time of writing.
Another stock in the semiconductor sector on the rise on Wednesday was Dutch chipmaking equipment maker ASML (ASML.AS), with shares popping nearly 6% after its fourth quarter results topped expectations.
ASML (ASML.AS) reported total net sales of €9.7bn (£8.4bn) in the fourth quarter, beating estimates of €9.6bn, according to data provided by Hargreaves Lansdown. For the year, total net sales came in at €32.7bn, up from €28.3bn in 2024.
The company’s new orders for the quarter came in at €13.2bn, which was well ahead of expectations for €7bn. Net income came in at €2.8bn, up from €2.1bn in the third quarter.
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ASML (ASML.AS) also offered an…
