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Alibaba Group (BABA) Is Up 12.7% After US Eases Nvidia AI Chip Sales to China
In recent days, the US government eased export restrictions by allowing Nvidia to resume sales of H20 AI chips to China, a move expected to benefit Alibaba Group's cloud computing business.
This development suggests a shift in US-China trade relations and has renewed investor confidence in Chinese technology companies like Alibaba.
We'll explore how improved access to advanced AI chips could impact Alibaba's investment narrative and business outlook.
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