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Benzinga
Benzinga
Business
Kaustubh Bagalkote

FORGOTTEN HISTORY: Nvidia s china comeback sparks rally in alibaba baidu tencent shares | History Defined

Alibaba

Chinese technology stocks surged on the Hong Kong Stock Exchange on Wednesday following the U.S. government’s decision to lift certain semiconductor export restrictions to China.

What Happened: The rally followed Nvidia Corp.’s (NASDAQ:NVDA) announcement on Monday that it would resume H20 GPU sales in China and launch a new RTX PRO graphics chip specifically designed for Chinese customers.

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