NVIDIA's quarterly revenue hits a new high, with H200 chip sales in China still at zero.

Foreign Media: NVIDIA Sets a Quarterly Revenue Record, H200 Chip Sales in China Still Generate Zero Revenue

NVIDIA reported its quarterly financial results ending January 25, 2026, with revenue reaching $68.1 billion, an increase of 73% year-over-year, exceeding the market expectation of $65.8 billion, setting a new historical high, mainly driven by a surge in demand for data center processors.

However, NVIDIA CFO Colette Kress clearly stated that H200 chip sales in China have generated zero revenue so far, and whether it can be imported remains full of uncertainty.

Although the U.S. government had conditionally approved H200 exports to China in January this year (with conditions: shipment volume must not exceed 50% of the U.S. domestic sales), China's attitude remains unclear. Previously, U.S. Commerce Department official David Peters also confirmed that NVIDIA has not sold any H200 chips to China yet.

At the same time, Chinese domestic chip companies have recently rushed to Hong Kong or A-share IPOs, accelerating to fill the market gap.

Original article: toutiao.com/article/1858179997578248/

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