China Bans Nvidia H200 AI Chips, NVDA Outlook Clouds
China has blocked Nvidia’s H200 AI chips from entering the country and told domestic firms not to buy them unless absolutely needed, a move that follows U.S. export rules and clouds Nvidia’s China sales prospects. Chinese demand remains strong from players like Alibaba, Tencent and ByteDance, but supply is tight (about 700,000 units on hand at roughly $27,000 each). The H200’s significant performance edge over the H20 keeps Nvidia’s China rebound in view, though Beijing’s restrictions add uncertainty. Analysts still rate NVDA as a Strong Buy with an average target of about $264.97, implying roughly 42% upside.