ByteDance H200 AI Chip Deal Hangs on Trump Admin KYC Conditions (NVDA)

U.S. officials signaled approval of an export license for ByteDance's potential purchase of NVIDIA's H200 AI chips, but the transaction remains contingent on strict KYC requirements ensuring military use restrictions are met, with NVIDIA not yet agreeing to the draft terms. NVIDIA has been negotiating broader licensing terms for H200 exports to Chinese companies, while its statement clarified it acts as an intermediary and all sales must comply with U.S. conditions. The firm emphasized that while KYC is critical, terms must also be commercially viable; otherwise, the market will look elsewhere. With国安concerns addressed, President Trump's support is expected to clear the final hurdle, potentially allowing NVIDIA to ship H200 chips and enabling AMD to sell similar offerings. NVIDIA shares closed 3.41% lower at $174.19, but surged over 2% in after-hours trading following Alphabet's higher-than-expected capital expenditure guidance of $1.75T–$1.85T.