Nvidia Starts H200 AI Chip Shipments to China as US Approves Limited Exports

Minimal Volume Reaches Chinese Tech Giants

Political Clash Over Export Control Loopholes

The low-volume shipments have sparked a sharp political divide in Washington over the enforcement of technology blockades against Beijing.

Representative Gregory Meeks (D-NY), the top Democrat on the committee, accused the administration of weakening safeguards by approving advanced AI licenses, claiming export controls are being used as “a bargaining chip in broader negotiations with China.”

Meanwhile, Republican Representative Bill Huizenga (R-Mich.) blasted the Commerce Department over potential regulatory loopholes allowing Chinese subsidiaries overseas to bypass restrictions and retain sophisticated Nvidia Blackwell chips.

Market Surge and Technical Outlook

The regulatory developments coincide with a bullish updated outlook from KeyBanc, which maintained its “Overweight” rating on Nvidia and raised its price target to $330.00 from $310.00 against a current price of $203.53.

KeyBanc analyst John Vinh described the company’s supply landscape as “mixed but mostly positive.”

To mitigate the delay, Nvidia is expected to ship more B300 GPUs in place of its R200 models, buoyed by robust global demand.

How Has NVDA Performed in 2016?

NVDA shares were up 13.57% year-to-date, 3.22% over the last month, and 29.09% over the year. It closed 4.06% higher at $211.80 per share on Tuesday, and it was down by 0,32% in the premarket on Wednesday.

Benzinga’s Edge Stock Rankings indicate that NVDA maintains a weak price trend in the short term but a strong trend in the long and medium terms, with a solid growth score.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock