Overview
- Nvidia filed H20 export license applications and secured U.S. Commerce Department assurances to lift the April ban on shipments to China.
- Despite strong Chinese demand, no H20 purchase orders have been fulfilled as Nvidia awaits final U.S. government clearance.
- The company is developing an RTX Pro GPU variant tailored to China that conforms with U.S. export restrictions.
- Analysts have raised Nvidia’s price targets and earnings forecasts, citing a potential rebound in China revenue that slid from 26% of sales in fiscal 2022 to 13% in 2025.
- Negotiations for a separate UAE AI chip agreement are stalled as U.S. officials debate security risks over possible Chinese access through Emirati partners.