传英伟达(NVDA.US)拟于明年2月中旬起向中国交付H200芯片

Core Viewpoint - Nvidia plans to deliver its H200 series GPUs to the Chinese market starting mid-February next year, pending government approval [1][2]. Group 1: Market Impact - Nvidia's stock price rose nearly 2% in pre-market trading following the news of the potential GPU delivery [2]. - The first batch of GPUs is expected to be shipped before the Lunar New Year, with an estimated shipment of 5,000 to 10,000 modules, corresponding to approximately 40,000 to 80,000 H200 chips [2]. Group 2: Regulatory Environment - Former President Trump indicated that he approved Nvidia's sale of H200 GPUs to China, which are less powerful than the Blackwell series, and will take a 25% sales cut [3]. - The U.S. Department of Commerce has initiated a review process for the chip sales license application, which has been submitted to the State Department, Department of Energy, and Department of Defense for evaluation within 30 days [3]. Group 3: Future Production Plans - After obtaining government approval, Nvidia plans to expand its production capacity, with related capacity orders expected to begin in the second quarter of 2026 [2].