“Donald Trump is back stirring the chip pot again, claiming Nvidia’s H200 chip is cleared for sale to China – but with a 25 per cent sales tax, up from 15 per cent.
“That sounds bullish, but it’s far too early to bake in the $15–25 billion China GPU revenue some are whispering about for next year.
“The approval hints that Blackwell-for-China (its latest technology) is still off the table, and given past delays with licenses, there are still plenty of hurdles to clear.
“The bottom line here is that Nvidia doesn’t need China sales to post a mammoth 2026, it’s a positive step in the right direction, but consensus is still too low even without this development.”
Contact details are available to account holders.
Create a free account to get in touch with this expert.