Core Viewpoint - NVIDIA's CEO Jensen Huang announced the approval of export licenses for the H20 GPU chip to China, marking a significant development for the company in the Chinese market [2][3]. Group 1: Market Impact - NVIDIA's revenue from the Chinese market reached $5.522 billion, accounting for 12.53% of the company's total revenue of $44 billion in the first quarter of fiscal year 2026, representing a 121% year-over-year growth [3]. - The company's market share in China has declined due to U.S. export restrictions, with revenue contribution from the Chinese market dropping from a peak of 25% to approximately 12.53% [4]. Group 2: Strategic Moves - Huang's visit to China is part of a broader strategy to strengthen ties with the Chinese market, which is crucial for NVIDIA's future business, especially given the projected growth of the AI chip market in China to $50 billion [5]. - Huang's recent trip to China included meetings with key clients, such as Xiaomi's founder Lei Jun, indicating a focus on maintaining and expanding partnerships in the region [9]. Group 3: Company Milestones - NVIDIA's market capitalization surpassed $4 trillion for the first time, making it the first company globally to achieve this milestone, with stock prices reaching a high of $165.49 per share shortly thereafter [8].

美国政府的出口限制，直接引致英伟达在中国市场的份额下滑，从公开财报数据看，中国市场给英伟达贡献收入的占比，巅峰时期高达25%，而今已然腰 斩。 经济观察报 记者 钱玉娟 7月15日，美国人工智能计算公司英伟达（NVIDIA）创始人兼首席执行官黄仁勋接受央视采访时宣布，美国政府已经批准了英伟达的出口许可，其H20 GPU芯片可以向中国市场销售。 "我们可以开始发货了。"黄仁勋不仅期待H20尽快销往中国，他还宣布英伟达将发布一款名为RTX Pro，专为计算机图形、数字孪生和人工智能设计的新显 卡。 H20曾是英伟达基于Hopper架构，为遵守美国出口限制，专为中国市场设计的一款AI加速器芯片，主要适用于垂类模型的训练、推理，备受中国模型企业客 户关注和抢购。然而，今年4月，美国政府决定禁止英伟达向中国市场销售该特供芯片。 黄仁勋曾在众多公开场合表示对中国大陆市场的重视，而这一市场对英伟达GPU的需求同样强烈。英伟达2026财年第一财季业绩显示，中国大陆（含香港） 市场的营收达55.22亿美元，占当季英伟达总营收440亿美元的12.53%，较上一财年第一财季同比增长了121%。 英伟达曾估算，中国AI芯片的市场规模 ...