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Faisal Humayun Khan

Chinese Tech Giants Receive the OK to ‘Prep’ for H200 Orders. How Should Nvidia Stock Investors Play the Return to China Thesis?

Nvidia NVDA Alibaba ByteDance BABA Jensen Huang

In the last few years, Nvidia (NVDA) stock has been among the biggest value creators from the technology space. As investments related to artificial intelligence (AI) have swelled, value creation has been backed by significant upside in revenue, margins, and cash flows. Currently, Nvidia commands a market valuation of $4.6 trillion. 

Looking forward, there seems to be no dearth of catalysts. Goldman Sachs estimates that global AI-related infrastructure spending is likely to reach $3 trillion to $4 trillion by 2030. While trade frictions have been a concern, recent news also suggests that Chinese regulators have granted "in-principle approval” for Alibaba (BABA), Tencent (TCEHY), and ByteDance to prepare for Nvidia H200 orders. The report further suggests that Alibaba and ByteDance are looking to order over 200,000 units each. 

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