Alibaba Group Holding Ltd. (NYSE:BABA) stock rose Thursday after reports signaled expanded access to Nvidia Corp.’s (NASDAQ:NVDA) advanced artificial intelligence chips in China.
The Chinese e-commerce giant pared some of those gains in early Friday trading, following a rally of more than 5% the prior session. The Thursday move came after reports that China may approve limited imports of Nvidia’s H200 chips as soon as this quarter.
Nvidia is tightening its sales of H200 artificial intelligence chips to China as it works to reopen a critical market while managing geopolitical tensions …