英伟达：将恢复H20在中国的销售

Core Insights - NVIDIA is seeking to resume sales of its H20 GPU after receiving assurances from the U.S. government regarding licensing, with plans to launch a new compatible RTX PRO GPU aimed at digital twin AI for smart factories and logistics [1] - The Chinese market is crucial for NVIDIA's growth, with significant interest from Chinese companies like ByteDance and Tencent in acquiring these chips [1][6] - NVIDIA's market valuation has surged, reaching $4 trillion, with a notable increase in stock price this year and over the past five years [3][5] Group 1: NVIDIA's Market Position - NVIDIA's stock price has increased nearly 20% this year and 1500% over the past five years, making it the highest-valued public company as of mid-June [3] - The company's market capitalization has grown from $500 billion two years ago to over $3 trillion recently, surpassing major competitors like Apple and Amazon [5] - The potential re-licensing of H20 chips could add approximately $15 billion to $20 billion in revenue, depending on approval timing and delivery speed [5] Group 2: Impact of U.S. Export Restrictions - The H20 chip was developed specifically for the Chinese market after U.S. export restrictions were imposed in late 2023, which previously banned its sale [5] - NVIDIA had to write off $5.5 billion in inventory due to the H20 ban and lost an estimated $15 billion in sales [5] - The Chinese market generated $17 billion in revenue for NVIDIA, accounting for 13% of total sales, highlighting its importance for future growth [6] Group 3: Responses and Future Outlook - NVIDIA's CEO Jensen Huang emphasized the significance of the Chinese market, describing it as large, vibrant, and innovative [1] - The Chinese government has expressed opposition to the politicization of technology and trade issues, which could impact future relations and business operations [2] - The upcoming press conference in Beijing may provide further insights into NVIDIA's strategy and market plans [1]