Nvidia(US:NVDA) Xin Hua Cai Jing·2025-07-16 04:25Core Viewpoint - The announcement of NVIDIA's resumption of H20 chip sales to China has led to a significant positive impact on related stocks in the A-share market, with NVIDIA's stock reaching a new historical high and a market capitalization exceeding $4 trillion [1][2]. Group 1: NVIDIA's Developments - NVIDIA's CEO Jensen Huang announced that the U.S. government has approved the export of the H20 chip to China, which is designed as an AI accelerator based on the Hopper architecture and is a simplified version of the H100 [2]. - The H20 chip's return to the Chinese market is expected to add billions of dollars to NVIDIA's revenue this year, with analysts predicting a significant boost to the company's performance in upcoming quarters [2][3]. - Melius Research indicates that the resumption of H20 sales could accelerate NVIDIA's revenue growth in fiscal year 2026 and provide substantial momentum for the first half of fiscal year 2027, potentially paving the way for a market cap exceeding $5 trillion [3]. Group 2: Market Reactions - Following the news of H20 chip sales resumption, A-share stocks related to NVIDIA's supply chain, including sectors like optical modules, data centers, and AI, experienced a notable increase in stock prices [4]. - Specific stocks such as Cambrian, Aojie Technology, and others saw significant gains, with some stocks hitting their daily limit up [4]. - Analysts from Citigroup and Jefferies expressed optimism about the positive impact of H20 chip sales on the Chinese internet data center industry and related stocks [4]. Group 3: Industry Implications - The demand for high-performance chips like GPUs is expected to drive increased demand for related equipment such as optical modules and PCBs, benefiting leading domestic manufacturers [5]. - The resumption of H20 sales is anticipated to alleviate previous pessimistic expectations in the supply chain, with improved visibility on orders and shipment schedules for NVIDIA's core suppliers [6]. - The return of compliant H20 chips is expected to address the domestic "chip shortage" issue, providing a significant boost to the entire AI industry chain in China [6].