Nvidia CEO Jensen Huang confirmed the company will resume selling high-performance H200 artificial intelligence chips to China. Shipments are scheduled to begin within weeks. The U.S. government issued the necessary export licenses to restart this critical revenue stream.
China historically accounted for a significant portion of Nvidia's total revenue. While shares saw a slight dip in premarket trading, Raymond James raised its price target on the stock. Analysts cited a strong outlook for AI data center revenue following the company's recent GTC conference.
The decision may ease supply chain and geopolitical tensions in the semiconductor market. Huang also indicated he will seek approval to sell advanced Blackwell chips to China in early 2025. This move sets the stage for further congressional debate over national security and technology leadership.