Nvidia(US:NVDA) 第一财经·2025-07-15 15:21Core Viewpoint - The article highlights the positive impact of the upcoming resumption of H20 chip sales to China on Nvidia's stock price and market capitalization, indicating a significant recovery from previous losses due to trade restrictions [1][3]. Group 1: Nvidia's Market Performance - Nvidia's stock surged over 3% following the news, adding nearly $200 billion to its market capitalization, which now exceeds $4 trillion [1]. - AMD also experienced a stock increase of over 7%, with a market capitalization of approximately $250 billion [1]. Group 2: H20 Chip Resumption and New Product Launch - Nvidia has received U.S. government approval to resume H20 chip sales to China and has submitted a licensing application for the same [1]. - The company announced a new "fully compliant" GPU chip, RTX PRO, aimed at digital twin AI applications in smart factories and logistics, which will be less advanced and cheaper than the H20 chip [3]. Group 3: Financial Implications and Market Analysis - Nvidia faced a loss of $8 billion in the previous quarter due to the H20 ban, and analysts believe the company will strive to regain this market share in China, as no other market can absorb such a large inventory [3]. - The release of the RTX PRO chip is seen as a strategic move to cater to AI inference needs while addressing computational cost issues [3]. Group 4: Competitive Landscape and Market Dynamics - Despite the resumption of H20 sales, uncertainties remain in U.S.-China relations, and Nvidia faces competition from Chinese tech giants like Huawei and other AI chip manufacturers [3]. - Chinese companies are expected to diversify their supply chain options to ensure security and flexibility [4]. Group 5: Importance of the Chinese Market - Nvidia's CEO, Jensen Huang, emphasized the significance of the Chinese market for U.S. companies, noting its size and rapid AI development [6]. - Huang's participation in the upcoming Chain Expo and his first public speech in Chinese reflect the importance of engaging with the Chinese market [5][6].