Nvidia Weighs Selling Older GPUs to China While Cerebras Targets $40B IPO
NVDA•Futurum Group’s Daniel Newman backed Nvidia selling older GPUs to China to ease H200 export curbs and bolster overseas revenue. Rival Cerebras launched an IPO roadshow pricing shares at $115-$125 to reach a $40 billion valuation as TSMC, SK Hynix and Samsung jumped over 4% on AI demand.
1. GPU Export Strategy
Daniel Newman of Futurum Group proposed that Nvidia offer older-generation GPUs to Chinese customers, a move intended to navigate current export restrictions on its latest H200 chips. This approach aims to maintain China sales, support revenue growth, and mitigate pressures from US regulators concerned about advanced technology transfers.
2. Cerebras IPO Roadshow
Cerebras Systems kicked off its US IPO roadshow with a proposed price range of $115 to $125 per share, seeking to raise as much as $4 billion for a roughly $40 billion valuation. This offering marks Cerebras' second public attempt, highlighting its wafer-scale engine chips as direct competition to Nvidia's AI accelerators.
3. Asian Chip Rally
Shares of key semiconductor manufacturers TSMC, SK Hynix and Samsung surged over 4% on renewed AI investment optimism, driving Asia’s tech-heavy benchmarks to fresh highs. The rally underscores robust demand for AI infrastructure hardware, which underpins Nvidia’s supply chain and long-term growth prospects.
