China reportedly intends to approve purchases of Nvidia chips, which could open a path to more sales. But restrictions remain and China-based sales fell from $9.7 billion to $4.6 billion, so the report does not yet change Nvidia's outlook.
A wider path to Chinese buyers could help Nvidia sell more chips there. But the company says both countries still restrict its business, and sales to China-based customers fell from $9.7 billion to $4.6 billion in the first quarter. No completed purchases are reported, so the possible opening does not yet change Nvidia's outlook.
Alibaba is named among companies that may be allowed to buy the chips, but no purchase is confirmed and the report gives no details of a business gain. It does not yet change Alibaba's outlook.
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