Nvidia (NVDA) Stock Falls 2% as H200 Chips Enter China in Limited Batches

TLDR

• Small batches of Nvidia H200 chips have entered mainland China, with ByteDance and Tencent each receiving around 10,000 processors.
• The U.S. has approved purchases of up to 100,000 H200 chips per company, but actual shipments remain far below that ceiling.
• Beijing is pushing companies to keep H200 capacity in Hong Kong rather than mainland China to support domestic chipmakers.
• NVDA stock dropped 2.34% on Tuesday, closing at $219.74.
• Wall Street holds a Strong Buy consensus on NVDA with an average price target of $306.13, implying around 39% upside.

Nvidia’s H200 chips are trickling into China, but the numbers are modest and Beijing is already putting guardrails on how they can be used.

According to a Financial Times report, ByteDance and Tencent have each received around 10,000 H200 processors in recent weeks. A handful of other Chinese tech firms could receive similar shipments soon.

NVDA stock dropped 2.34% on Tuesday, closing at $219.74, as the market weighed the limited scope of the deliveries against the regulatory complications that come with them.

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