NVDA Surges on H200 Export Approval to China, Then Stumbles as Geopolitical Risk Flares

The US approved sales of Nvidia's H200 AI chips to 10 Chinese companies, lifting NVDA 4.4% on the news of opening a major market. But the initial rally reversed into a 2.2-3.3% selloff as traders realized broader China tensions and chip-supply fragmentation risks undermine the narrative, with Samsung weakness from North Korea tensions spilling into US tech.