Nvidia stock up 1.4% amid Jensen Huang expectation of China approval for H200 sales

Highlights

Nvidia CEO Jensen Huang said the H200 export licence is close to being finalised and hopes China will approve chip sales.
His comments followed a visit to China where he met with customers and officials.
The stock rose 1.4% as investors reacted to the potential reopening of a key AI market.

Short-term oscillators also support this move. The Relative Strength Index (RSI) on the daily chart sits at around 66, reflecting healthy strength but not yet in overbought territory. Momentum indicators such as MACD continue to print bullish crossovers, reinforcing that the trend remains intact. Volume has also been increasing during up-days, indicating accumulation.

Immediate support levels lie at $186.50 (20-day MA), followed by stronger structural support at $180.80–$183.00, which aligns with a volume profile gap and prior breakout zone. On the upside, $192 is the first resistance to clear. If broken decisively, Nvidia may retest the all-time highs around $210. Beyond that, $225 becomes a technical extension target based on Fibonacci projections.

Nvidia stock price dynamics (November 2025 - January 2025). Source: TradingView

Overall, the setup remains bullish, but momentum will need fresh catalysts to push decisively through the $192–$200 barrier. Traders will be watching closely for confirmation of a breakout or a potential failure at resistance and consolidation around the $185–$190 range.

Huang signals optimism as China weighs approval of Nvidia's H200 chip

Nvidia CEO Jensen Huang expressed hope that Chinese authorities will approve the company’s request to sell its advanced H200 AI chip in the country. Speaking to reporters in Taipei after a visit to China, Huang confirmed that the export licence for the H200 is in the final stages of approval, but a green light from Beijing is still pending. He emphasized that the decision now rests with Chinese regulators, adding that Nvidia is waiting “patiently” for a positive outcome.

Huang described his recent trip to China as focused on meeting with customers, partners, and government officials. The visit signals Nvidia’s continued efforts to re-establish commercial ties in a critical market that once accounted for a significant portion of its data center revenue. The company’s strategy now hinges on navigating U.S. export controls while adapting its product lineup, including the H200, to comply with policy requirements.

According to Huang, the H200 chip not only represents a key advancement for American semiconductor leadership but also offers strong value to the Chinese AI industry. He said Chinese clients have shown clear interest in the product, reinforcing Nvidia’s belief in the chip’s demand potential once approval is granted.

Breakout potential into Q4 earnings and China ramp-up

Nvidia’s near-term price path depends on whether it can break above the $192 resistance area on solid volume. If that occurs — likely driven by confirmation of Chinese purchase orders or bullish forward guidance in Q1 earnings — NVDA could rally toward $205 initially, followed by a possible retest of the all-time high zone between $210 and $212.

This bullish scenario is the most likely, assuming favorable regulatory developments and no material deterioration in broader tech sentiment. A neutral case would see the stock consolidating between $183 and $192 over the next several weeks, possibly waiting for earnings or geopolitical clarity. The bearish case would involve a break below $183 and a test of the $175–$178 zone, especially if macro headwinds return or the China story falters.

It was previously reported that Beijing approved limited shipments of Nvidia’s H200 AI chip to major Chinese firms, including Alibaba and Tencent. The decision marks a softening of China’s earlier stance on advanced AI semiconductors.

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