Nvidia Restarts H200 China Production, BofA Upholds $300 Target
Nvidia secured regulatory approval and customer orders to resume H200 GPU production for China with a 25% U.S. revenue share and a shipment cap at half domestic volumes. BofA kept its Buy rating and $300 target, citing a $1 trillion data center opportunity and LPX platform margin gains.
1. Restart of H200 Production
Nvidia has restarted H200 GPU manufacturing for China after securing multiple customer purchase orders, reversing a recent halt imposed by customs restrictions. CEO Jensen Huang confirmed that orders from several Chinese companies triggered the resumption of production.
2. Export Terms and Caps
Chinese authorities approved shipments subject to a 25% revenue share with the U.S. Treasury and a cap restricting exports to no more than 50% of Nvidia’s domestic volumes. These terms follow revised trade policy guidance issued over the past few weeks.
3. BofA’s Bullish Outlook
Bank of America maintained its Buy rating and $300 price target on Nvidia, highlighting a potential $1 trillion data center market between 2025 and 2027. The firm also pointed to Nvidia’s new LPX platform as a driver of improved margins for low‐latency AI workloads.