### @NVDA — Confirmed — from the Q1 FY2027 call and quarterly filing; the outlook exclusion is explicit
NVIDIA's China position, in its own words: the US government has approved licenses for H200 shipments to China-based customers, but we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into the country. The consequence is stark – zero China data‑center compute revenue is assumed in guidance for a second consecutive quarter. Two things, okay? The H20 excess‑inventory charge fell to $1.1 billion from $5.3 billion a year ago, and my sense is Chinese competitors, bolstered by recent IPOs, could disrupt the global AI industry over the long term.
- tier: Confirmed (✓)
- source: NVDA / China: licensed, and still zero
- receipt: https://ticker.thevixguy.com/p/p-day-20260728-nvda-src-nvda-china-zero-conversation
- posted: 2026-07-28T04:48:08.780Z