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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Nvidia's China Comeback Sparks Rally In Alibaba, Baidu, Tencent Shares

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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