Jensen Huang says Nvidia has received orders from China and is 'restarting our manufacturing'

Core Viewpoint - Nvidia is preparing to resume sales of its H200 processors to customers in China after a prolonged delay, indicating a shift in the company's operational status regarding the Chinese market [1][2]. Group 1: Sales and Manufacturing - The company has received purchase orders and is restarting manufacturing, marking a significant change from previous conditions [2]. - Nvidia's CEO confirmed that the company now has clearance from both the U.S. and Chinese governments to proceed with sales [2]. Group 2: Historical Context and Financial Impact - China previously represented at least 20% of Nvidia's data center revenue, but the company faced export restrictions that led to a $5.5 billion charge [3]. - Prior export controls necessitated the development of a lower-capability chip, the H20, before the U.S. government allowed the sale of the H200 chip under specific conditions [4]. Group 3: Recent Performance and Future Outlook - Despite the lack of sales in China, Nvidia reported a 73% revenue growth in the latest quarter, continuing a trend of over 55% growth for 11 consecutive periods [6]. - For the upcoming quarter, Nvidia forecasts a growth of approximately 77%, while assuming no revenue from China in its guidance [6].