NVIDIA Halts H200 Chip Production, Shifts to Vera Rubin; Wedbush Lifts Target to $300
NVIDIA halted production of its H200 AI chips for the Chinese market, reallocating TSMC capacity to its next-generation Vera Rubin hardware. Wedbush raised NVIDIA’s price target to $300 from $230 and highlighted Q1 2027 data-center sales guidance, while the company joined telecom giants to develop AI-native 6G networks.
1. Halt of H200 Production for China
NVIDIA has stopped production of its second-most advanced H200 AI chips destined for China and reassigned TSMC manufacturing capacity toward its next-generation Vera Rubin hardware to accelerate development.
2. Wedbush Raises Price Target
On March 3, Wedbush lifted its price target on NVIDIA from $230 to $300, maintained an Outperform rating, and called out Q1 2027 data-center sales guidance as a standout point of the fiscal call.
3. 6G Network Collaboration
NVIDIA announced a consortium with Booz Allen, BT Group, Cisco, Deutsche Telekom, Ericsson, Nokia, SK Telecom, SoftBank Corp., T-Mobile and others to build AI-native, open and secure 6G wireless networks supporting billions of autonomous devices and sensors.