00:00It's Benzinga bringing Wall Street to Main Street
00:02NVIDIA CEO Jensen Huang said Tuesday the company is seeing very high customer demand in China for
00:08its H200AI chips after the U.S. government signaled it would approve exports, according to CNBC.
00:14Huang said NVIDIA has restarted production of the chips and is finalizing export license details
00:19with the U.S. government. In December, President Trump said NVIDIA could export its H200 chip to
00:25China if it paid 25% of sales to the U.S. government. Investors view China as a major
00:30growth opportunity for NVIDIA as local companies build AI models. Huang previously estimated the
00:36market at $50 billion per year, and no related sales were included in the current forecasts.
00:42Huang said China approvals will be reflected through purchase orders,
00:45and that any sales would add to NVIDIA's $500 billion two-year forecast.
00:49For all things money, visit Benzinga.com.
Comments