Nvidia’s planned shipments of H200 AI chips to China remain on hold, with Washington yet to issue final approval almost two months after Donald Trump signaled that exports could resume. US officials are conducting a national-security assessment before granting licences to Chinese buyers.

Because of the uncertainty, Chinese firms are holding off on placing orders for the H200 until they know whether licences will be granted, and under what restrictions.

Meanwhile, NVIDIA stock, $NVDA is down -15% from its October peak now at same levels that were seen 6 months ago.