Nvidia Plans to Ship H200 Chips to China by Mid-February
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Shipping Plans: Nvidia expects to begin shipping H200 chips to Chinese clients by mid-February, with initial orders including 5,000 to 10,000 modules, translating to approximately 40,000 to 80,000 chips, thereby addressing market demand and enhancing its competitive position in China.
- Production Capacity Increase: The company plans to boost H200 chip production capacity and open new orders in Q2 next year, which will help alleviate market pressures from U.S. government restrictions and further solidify its leadership in the AI chip market.
- Financial Performance: Despite challenges, Nvidia's Q3 results showed a 66% year-over-year increase in data center revenue to $51.2 billion, exceeding analyst expectations and demonstrating strong market demand and business resilience.
- Market Trends: Nvidia's stock rose 1.83% to $184.29 on Monday, reflecting the overall upward trend in tech stocks and indicating investor confidence in its future growth, although some short-term volatility remains.
NVDA
$183.43+Infinity%1D
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 255.63 USD with a low forecast of 185.00 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.
40 Analyst Rating
38 Buy
1 Hold
1 Sell
Strong Buy
Current: 180.990
Low
185.00
Averages
255.63
High
352.00
Current: 180.990
Low
185.00
Averages
255.63
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.
