China Approves Alibaba and Others to Prepare Orders for Nvidia H200 Chips
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: seekingalpha
- Approval for Orders: Chinese regulators have granted in-principle approval to top tech companies like Alibaba, Tencent, and ByteDance to prepare orders for Nvidia's H200 AI chips, indicating a relaxation in China's procurement policies for AI technology.
- Expected Order Volume: Alibaba and ByteDance have expressed interest in ordering over 200,000 units each of the H200 chips, reflecting strong demand from Chinese tech firms for advanced AI capabilities, which could drive growth in the related markets.
- Import Restrictions and Conditions: While China intends to approve some imports of H200 GPUs this quarter, these chips will be barred from sensitive agencies and critical infrastructure, highlighting the regulatory focus on national security and potentially impacting import volumes.
- Self-Reliance Strategy: The Chinese government encourages companies to purchase a certain amount of local chips as a condition for approval, although no specific numbers have been set, aiming to enhance domestic chip manufacturing capabilities and reduce reliance on foreign technology.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
