On Tuesday, July 15 local time, the three major U.S. stock indices closed mixed, with the Nasdaq rising 0.18% to set a new closing high, while the Dow fell 0.98% and the S&P 500 fell 0.4%. Most major technology stocks rose, among which NVIDIA rose more than 4%, with a latest market value of about $4.17 trillion, increasing by $161.8 billion (approximately RMB 116.05 billion) overnight.
On the news front, NVIDIA announced that it would resume the sale of H20 in China and announced the launch of a new and fully compatible GPU for the Chinese market.
On July 15, an article published on NVIDIA's official WeChat account showed that NVIDIA is submitting an application to resume the sale of H20 GPUs. The U.S. government has assured NVIDIA that it will grant a license, and NVIDIA hopes to start deliveries as soon as possible.
On the same day, Huang Renxun, founder and CEO of NVIDIA, said in an interview with CCTV: "The U.S. government has approved our export license, and we can start shipping. So we will begin selling the H20 to the Chinese market. I am very excited to be able to ship soon, this is really great news. The second news is that we will also launch a new graphics card called RTX Pro. This graphics card is very important, it is designed for computer graphics, digital twins, and artificial intelligence."
According to a research report from CITIC Securities, the H20 chip is a product adjusted by NVIDIA under the U.S. BIS chip control policy in October 2023, with significant cuts in peak computing power and other indicators, but still has advantages in software ecosystem and cluster interconnection. At the same time, CITIC Securities expects NVIDIA may launch chips such as B30 series that meet export restrictions in the future. CITIC Securities expects downstream customers to continue purchasing NVIDIA's related chips to meet the demand for the development of artificial intelligence.
Original text: https://www.toutiao.com/article/7527495442112741934/
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