Nvidia ships first H200 chips to China, but expects no data-centre revenue from them

Nvidia shipped its first H200 chips to China under a new US licensing scheme, contributing less than 1% to its $89B quarterly data center revenue. Despite this, Nvidia forecasts $108B for the next quarter, assuming no revenue from China. Meanwhile, the EU plans up to seven AI gigafactories with €30B investment, but these will rely on Nvidia chips, highlighting Nvidia's market leverage.