Nvidia CEO: China likely to reject US-made H200 AI chips even if export curbs ease

Nvidia CEO Jensen Huang said China is unlikely to accept H200 data‑center AI accelerators even if the US relaxes export controls. Huang told US officials — including a meeting with the president — that downgraded or “watered‑down” H200 variants would be unusable for Chinese buyers and that Nvidia cannot sell degraded versions. The comments follow prior resistance in China to slightly restricted chips (the earlier H20 effort) and ongoing White House discussions about whether to approve H200 exports; final sign‑off rests with the president and the Commerce Secretary. Lawmakers remain split: some Republicans acknowledge Nvidia’s global sales aims, while Democrats (led by Senator Elizabeth Warren) warn sales could bolster China’s military AI capabilities. Nvidia has excluded China data‑center revenue from its forecasts but still identifies China as a potential ~$50bn market. Traders should watch geopolitical and regulatory developments that could reduce Nvidia’s China revenue exposure, reshape GPU demand and supply chains, and affect pricing — with knock‑on effects for AI model training capacity and crypto mining economics. Key keywords: Nvidia, H200, export controls, China, AI chips, GPU pricing.