Nvidia shares rose to a new high after US approvals opened the door for H200 chip sales to major Chinese buyers.

The US has approved 10 Chinese firms to buy Nvidia's H200, but Beijing has paused the orders. Jensen Huang is now in Beijing to try to unblock them.

Before U.S. export curbs tightened, Nvidia commanded about 95% of China's advanced chip market.

Nvidia rose 1.9% in premarket trading, giving the chipmaker a market valuation of $5.9 trillion, after Reuters reported citing sources that the U.S. has cleared about 10…