Nvidia(US:NVDA) Di Yi Cai Jing·2025-12-09 02:50Core Insights - Nvidia is expected to re-enter the Chinese market after the U.S. government announced it would allow the sale of its H200 AI chips to China, subject to a 25% fee per chip [2] - The H200 chip, set to be released in November 2023, offers significant performance improvements over its predecessor, the H100, and is designed for advanced AI applications [3] - Nvidia's revenue from the Chinese market has significantly declined, dropping from $3.67 billion in Q2 of FY2025 to $2.769 billion in Q2 of FY2026 [3] Group 1 - The U.S. government has approved Nvidia to sell H200 AI chips to China, which is a positive development for the company [2] - Nvidia's CEO Jensen Huang expressed concerns about the loss of the Chinese market, which previously accounted for 95% of its market share [3] - The H200 chip features HBM3e memory and is designed for high-performance AI tasks, with a memory capacity nearly double that of the A100 and a bandwidth increase of 2.4 times [3] Group 2 - Huang highlighted the unique strengths of the Chinese AI market, predicting it could reach approximately $50 billion in the next two to three years [4] - The absence of Nvidia in the Chinese market has allowed local AI chip manufacturers to gain traction, with companies like Tencent and Baidu shifting towards domestic chip solutions [4][5] - Nvidia faces increasing competition from other AI chip manufacturers, such as Google's TPU, which offers advantages in energy efficiency and performance [5]