Post reports that China has granted in-principle approval for Alibaba, Tencent and ByteDance to prepare Nvidia H200 AI chip orders, which the author frames as a payoff for dollar-cost-averaging investors.
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Chinese officials have told the country’s largest tech firms including Alibaba Group Holding Ltd. (BABA) they can prepare orders for Nvidia Corp.’s (NVDA) H200 AI chips, suggesting Beijing is close to formally approving imports of components essential to running artificial intelligence.
Regulators have recently granted in-principle approval for Alibaba (BABA), Tencent Holdings Ltd. (TCEHY) and ByteDance Ltd. to move to the next stage of preparations for purchases, people familiar with the matter said. The companies are now cleared to discuss specifics such as the amounts they would require, the people said, asking to remain unidentified discussing private talks. Beijing will encourage companies to buy a certain amount of domestic chips as a condition for approval, according to the people, though no exact number has been set.
The wait has payed off those that DCA are about to get payed off.
Live long and prosper.