Nvidia Gets H200 Green Light in China. What’s Next for NVDA Stock?

Nvidia NVDA -0.70% ▼ , the AI chip leader, may be getting a second shot at one of its biggest markets. After months of delays, China has reportedly approved sales of Nvidia’s H200 chips, and CEO Jensen Huang said on March 17 that orders are already coming in and production is restarting.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

• Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

That’s a big shift. Just weeks ago, Nvidia said it had little progress in China, with almost no revenue from the region. Now, the company appears to have clearance from both the U.S. and China — and customers are already placing orders.

China Comeback Could Add to Growth

This matters because China once made up at least 20% of Nvidia’s data center revenue. That business was hit hard by export rules, forcing the company to take a $5.5 billion charge. Even so, Nvidia has continued to grow fast, reporting a 73% jump in revenue last quarter.

Trade NVDA with leverage

If China starts contributing again, even in a limited way, it could add another layer of growth on top of already strong AI demand.

What This Means for Nvidia Stock

Huang said Nvidia is “restarting manufacturing” of the H200 after pausing production due to regulatory hurdles. More importantly, the company has already received purchase orders from “many customers in China,” showing demand is picking up again.

For investors, this is more than just an update. It suggests a key overhang on the stock may be easing. Nvidia has been growing strongly even without China — now, with the market reopening, it could unlock fresh demand from a region it had almost lost.

Is NVDA Stock a Buy?

Nvidia’s stock has a consensus Strong Buy rating among 40 Wall Street analysts. That rating is based on 39 Buy and one Hold recommendations issued in the past three months. The average NVDA price target of $274.46 implies 50.86% upside from current levels.

Disclaimer & DisclosureReport an Issue