Overview
- President Donald Trump said the U.S. will allow H200 processors to be shipped to approved customers in China, with each sale returning 25% of revenue to the government and every shipment undergoing stricter national-security review.
- The authorization does not include Nvidia’s top-tier Blackwell GPUs or next-generation Rubin chips, which remain restricted.
- Nvidia’s H200, built on the Hopper architecture, adds large HBM3e memory and higher bandwidth suited to large language models and cloud deployments.
- Wells Fargo’s Aaron Rakers reiterated an Overweight rating and a $265 price target, describing the approval as an incremental positive, while market reaction stayed muted and Jim Cramer urged investors to “own it, don’t trade it.”
- Reporting highlights increased Chinese support for domestic AI chipmakers such as Huawei, Moore Threads, and Biren, signaling longer-term competitive pressure even with limited H200 sales allowed.