Northwestern Polytechnical University, a Chinese institution linked to defense and listed on the U.S. Commerce Department’s Entity List, reportedly acquired two Nvidia H200 accelerators. The chips were reportedly procured through the domestic intermediary Shaanxi Bosuan Network Technology rather than directly from Nvidia, raising questions about compliance with U.S. export regulations. Markets appear to view the transaction as a potential trigger for regulatory scrutiny that could affect Nvidia’s operations and stock performance. In prediction markets, the odds of Nvidia closing above $160 by the end of November fell from 69% to 54%, while the likelihood of a close above $200 dropped to 14%.
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