NVIDIA (NVDA.US) CEO Jensen Huang has confirmed that the company has begun receiving purchase orders from Chinese clients. Following this announcement, Wells Fargo suggested that China could provide a significant boost to the tech giant. Analyst Aaron Rakers wrote in a report to clients, "We have previously estimated that China could contribute over $25 billion in incremental annual revenue, along with more than $0.60 in non-GAAP earnings per share (EPS)." He reminded investors that NVIDIA had previously reported that the H20 export controls impacted revenue by approximately $4.6 billion (about 12%) in Q1 FY2026 (April 2025) and approximately $4.0 billion (about 10%) in Q2 FY2026 (July 2025), noting that the H20 export ban was implemented in mid-April. NVIDIA has previously indicated that the Chinese market accounts for 20% to 25% of its total data center revenue. The analyst added, "We believe NVIDIA may indicate that product shipments to China will commence this quarter."

Beyond shipments of the H200 GPU to Chinese customers, it is also reported that NVIDIA is developing a Groq LPU (Language Processing Unit) which could potentially begin shipments to Chinese clients as early as next month. Rakers further noted that, unlike the H200—a modified, lower-performance version of NVIDIA's Hopper GPU sold in the US—the Chinese version of the Groq LPU is unlikely to be a "downsized specification" but rather would be "capable of adapting to different system configurations." NVIDIA announced in December 2025 that it had licensed Groq's technology and hired its founder as part of a deal valued at $20 billion.