Quick Read – Limited H20 shipments now reach 10 approved Chinese companies, adding incremental revenue to an Nvidia business that no longer depends on China. – Hyperscalers replaced China as Nvidia’s primary growth engine, more than offsetting the roughly 20% of revenue lost to…
port restrictions since 2022. – Huawei and domestic rivals captured market share Nvidia abandoned, meaning China represents incremental upside rather than a catalyst that changes Nvidia’s long-term thesis. – For much of the AI boom, Nvidia (NASDAQ:NVDA) has enjoyed an enviable problem: demand has consistently outpaced supply. Even after Washington tightened export restrictions on advanced AI chips headed to China, the company’s revenue continued climbing as hyperscalers across the U.S., Europe, and the Middle East rushed to build AI infrastructure
That strength helped Nvidia overcome what once looked like a major setback. Now, after months of waiting, another piece of the growth puzzle is finally falling into place. China is reopening — albeit cautiously — and that gives investors one more reason to believe Nvidia’s growth story still has room to run.
China Is Back — But It’s Not the Same Market Nvidia Left According to Reuters, shipments of Nvidia’s H200 AI accelerators to China have finally begun after receiving U.S. approval earlier this year. Commerce Department official Jeffrey Kessler told Congress that only a limited number of chips have shipped so far, underscoring that this remains a tightly controlled process rather than a full reopening. That alone matters.