Nvidia's CFO says there's still 'a little geopolitical situation that we need to work through' before shipping its AI GPUs to China, but it's 'a $2 billion to $5 billion potential opportunity'

Flag of China.

Nvidia's executive vice president and chief financial officer, Collette Kress, spoke yesterday at the Goldman Sachs Communicopea event about a variety of topics, including a discussion of its recent financial results and the ongoing situation regarding its dealings with China. When asked for an update on demand for its H20 AI GPU in the country, and what needs to happen before it's potentially shipped in the second-to-last quarter of this year, Kress said:

"Yes, we did receive a license approval and have received licenses for several of our key customers in China. And we do want that opportunity to complete that and actually ship the H20 architecture to them.