Licensing Pause Expands

The most likely near-term response is a U.S. Commerce Department review of H200 approvals, focused on end-user screening and diversion risk. Washington is likely to avoid an immediate blanket ban but may temporarily slow or suspend pending licenses tied to Chinese academic or research institutions with defense links.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.