Nvidia Halts H200 Exports to China, Coherent and Lumentum Join S&P 500
Nvidia has halted H200 chip shipments to China after US and Chinese export restrictions, and CEO Jensen Huang warned its multibillion-dollar AI startup investments may be the last. Nvidia-backed Coherent and Lumentum will enter the S&P 500 next week, highlighting growing investor focus on the chipmaker’s AI ecosystem.
1. China-Bound H200 Chip Halt
Nvidia paused production and shipments of its H200 AI accelerators destined for China after Washington tightened export controls and Beijing imposed reciprocal curbs. The move ensures compliance with new regulations and aims to mitigate geopolitical and legal risks while redirecting capacity to other markets.
2. CEO Jensen Huang's Investment Warning
Jensen Huang signaled that Nvidia’s multibillion-dollar stakes in AI startups, including Anthropic and OpenAI, could be the final large-scale external investments. This remark indicates a strategic shift toward focusing resources on core chip development rather than continued venture funding.
3. S&P 500 Addition for Partners
Nvidia-backed Coherent and Lumentum will join the S&P 500 index next week, reflecting formal recognition of the company’s AI supply chain ecosystem. Inclusion in the benchmark is expected to boost institutional demand, trading liquidity and visibility for these suppliers.