H200获批出口中国，英伟达GPU：迎来新争议

Group 1 - The U.S. Department of Commerce plans to approve a license allowing NVIDIA to sell its H200 chip to China, which has performance superior to the previously approved H20 but is not as advanced as the upcoming Blackwell and Rubin series chips [2] - This decision follows a meeting between former President Trump and NVIDIA CEO Jensen Huang, where they discussed the export of the H200 chip [2] - Some officials support the export of H200 as a compromise that allows NVIDIA to compete in China without enabling China to surpass the U.S. in AI capabilities [2][3] Group 2 - The H200 chip is estimated to have nearly six times the performance of the H20, and NVIDIA's new generation products typically show significant performance improvements [3] - Investors are keen to observe China's reaction to the anticipated approval of the H200 and what potential returns the U.S. might gain from this deal [3] Group 3 - The export of H200 could generate billions in sales for NVIDIA and assist Chinese tech giants struggling to access top-tier chips for training their models [4] - Huang emphasized the importance of allowing NVIDIA to compete in the Chinese market due to the country's substantial AI research talent [4] Group 4 - A blogger named Kakashii has raised doubts about NVIDIA's GPU shipment figures, specifically questioning Huang's claim of 6 million Blackwell GPUs shipped [6][8] - Kakashii's analysis suggests that the reported data center revenue of $111 billion does not align with the claimed shipment numbers, indicating a potential discrepancy [8][9] Group 5 - Michael Burry, known for predicting the 2008 housing crash, has called for evidence regarding NVIDIA's GPU inventory practices, expressing concerns about over-optimism in the tech sector [14][15] - Burry's analysis focuses on the rapid obsolescence of AI hardware, arguing that the depreciation period for these assets should be shorter than currently practiced, which could misrepresent economic realities [17][19] Group 6 - The Wall Street Journal highlights ongoing debates about NVIDIA's accounting practices, particularly regarding the depreciation of AI chips, which has garnered significant investor attention due to the substantial investments in AI infrastructure [20][21] - Companies like Meta have extended the expected lifespan of their assets, which can reduce depreciation expenses and inflate apparent profits, raising concerns about the accuracy of financial reporting in the tech sector [21][23]