Nvidia Edges Closer to Resuming Advanced Chip Sales Into China
Nvidia CEO Jensen Huang's push to restore export access for advanced AI chips to China appears to be gaining traction, with major Chinese tech firms — including Alibaba, Tencent, ByteDance, and JD.com — reportedly among approved buyers of H200 chips. The deals have not yet closed, partly due to hesitation on Beijing's side. Wolfe Research reaffirmed Nvidia as a top AI pick with a bullish view extending to 2027.
China represents a massive potential revenue channel that Nvidia has been largely cut off from due to U.S. export controls — reopening even part of that market could materially boost forward earnings estimates. If H200 sales to these four Chinese tech giants complete, it signals a policy thaw that would directly benefit Nvidia's data center segment, its highest-margin business. Broader semiconductor names and AI-adjacent ETFs could also catch a bid on the news.
Ongoing: U.S. Commerce Department communications on export license approvals for H200 chips. Watch for any official announcements from Alibaba, Tencent, ByteDance, or JD.com confirming completed purchases. Next Nvidia earnings: late May 2025, where management will likely address China progress directly.
- Nvidia moves one step closer to a breakthrough on Chinese exports after reaching another milestone · MarketWatch
- S&P 500 and Nasdaq futures rise to new highs as Nvidia jumps · Investing.com
- Wolfe Research says Nvidia stock remains top AI pick on 2027 outlook · Investing.com
- U.S. reportedly approves 10 Chinese companies to purchase H200 AI chips from Nvidia · Quartz
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