China Blocks Nvidia H200 Shipments, Forcing Suppliers to Halt Production

Chinese customs blocked shipments of Nvidia’s H200 AI chips, causing suppliers to halt production just as Nvidia began ramping up for a China restart. Many H200 parts are chip-specific and can’t be repurposed, raising inventory risk, while demand shifts to newer chips amid mixed domestic policy signals. Some Chinese buyers have canceled orders, pushing activity into gray markets; Nvidia remains rated a Strong Buy with upside potential, but access to China remains uncertain and market dynamics could shift suddenly.