Nvidia Gets Green Light on H200's to China; More Fuel into Chip and Tech Rally

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Nvidia Gets Green Light on H200's to China; More Fuel into Chip and Tech Rally

Industry Note

May 15, 2026 Disruptive Technology

Nvidia Gets Green Light on H200's to China; More Fuel intoAnalysts

Dan Ives Chip and Tech Rally

(212) 344-2073

Dan.Ives@wedbush.com

Sam Brandeis With this game of high stakes poker in the China summit between Trump and(212) 222-3005

sam.brandeis@wedbush.com Xi the most important poker chip at the table is the Godfather of AI Jensen and

Steven Wahrhaftig Nvidia...and they got very good news with the US clearing H200 AI chip sales

(212) 931-7059 to 10 Chinese companies. The trip overall underscores the stakes for chips, tech,

steven.wahrhaftig@wedbush.com and the AI supply chain highlighted by Nvidia's most advanced chips which has

Anish Jog faced a series of tightening US export restrictions on China sales, with multiple

(917) 747-3095 rounds of controls introduced since 2022. At the same time, China is trying toanish.jog@wedbush.com

accelerate its own stack, with local AI efforts and domestic chip development

moving to reduce reliance on Nvidia. That tug of war is the core issue and while

this is an inflection point moment for Nvidia and the AI Revolution as the broader

technology complex stand to benefit with adjacent beneficiaries in networking,

cloud infrastructure, and AI software in our view.

China has sought to build its own chips and AI models such as DeepSeek that do

not rely on Nvidia, while local companies have also been slowed by US restrictions,

reinforcing the point that the global AI race is still being decided at the hardware

layer, though that does not change the fact that demand for compute is outpacing

supply and that the largest hyperscalers are still leaning into the buildout. In our