<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/Nvidia-surge.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/Nvidia-surge.png"/></p>
<p>周五早些时候，Nvidia 股票上涨，因有报道称中国当局正接近允许国内科技公司购买这家美国芯片制造商的先进人工智能硬件，这可能缓解了悬在股票头上的最大不确定性之一。</p>
<p>截至撰写时，Nvidia 股票上涨超过</p>
<p>此次反弹跟随彭博社的一则报道，该报道指出，北京已原则上批准包括阿里巴巴、腾讯控股和字节跳动在内的几家主要中国公司开始为潜在购买 Nvidia 的 H200 人工智能芯片做准备。</p>
<p>这一进展标志着中国在经历数周的监管模糊后，可能正在软化其立场。</p>
<h2>中国在数周不确定后发出信号</h2>
<p>根据彭博社的报道，中国监管机构已允许部分科技公司进入讨论的下一阶段，允许他们评估所需的 H200 芯片数量，并开始围绕潜在订单进行对话。</p>
<p>“这些公司现在被允许讨论具体细节，例如他们所需的数量，” 该报道称。</p>
<p>作为这一过程的一部分，北京预计将鼓励公司在购买 Nvidia 硬件的同时，购买一定数量的国产芯片，尽管尚未设定正式配额。</p>
<p>这一举动表明，中国当局可能在经历了一段矛盾信号的时期后，正在重新评估其策略。</p>
<p>在最近几周，投资者一直在应对暂停订单、选择性批准和监管指导变化的报道，这些都对 Nvidia 的股票造成了沉重压力。</p>
<h2>潜在收入上行引发关注</h2>
<p>分析师表示，如果批准最终转化为正式订单，风险将非常高。</p>
<p>KeyBanc 分析师 John Vinh 估计，中国公司可能愿意购买约 150 万颗 H200 芯片，这将为 Nvidia 带来约 300 亿美元的潜在收入。</p>
<p>H200 是 Nvidia 第二强大的人工智能处理器，广泛用于训练大型语言模型和其他先进的人工智能系统。</p>
<p>对这些芯片进入中国市场的访问被视为 Nvidia 长期增长的关键，尤其是在全球对人工智能基础设施需求持续扩大的背景下。</p>
<h2>黄仁勋的访问增加了乐观情绪</h2>
<p>彭博社的报道恰逢 CNBC 的另一则报道，称 Nvidia 首席执行官黄仁勋预计将在即将到来的农历新年前夕访问中国。</p>
<p>黄仁勋计划参加在北京举行的公司活动，并预计将与潜在客户会面。</p>
<p>根据报道，这些讨论可能会集中在供应限制、监管条件以及包括 H200 在内的美国批准芯片的可用性上。</p>
<p>投资者将此次访问解读为 Nvidia 看到中国市场重新开放的势头又在增强的另一个迹象。</p>
<h2>中国因素限制了 Nvidia 的股票表现</h2>
<p>对中国市场的访问是 Nvidia 最近几个月交易区间波动的最持久因素。</p>
<p>尽管公司持续报告其人工智能芯片在全球的强劲需求，但对中国销售的不确定性限制了投资者推动股票大幅上涨的意愿。</p>
<p>首席执行官黄仁勋多次表示乐观，认为美国出口批准将允许 Nvidia 恢复向中国发货 H200 芯片。</p>
<p>然而，这种信心受到北京不一致的信息和突发政策逆转风险的削弱。</p>
<p>这些担忧在 Nvidia 去年因出口规则的突然变化而导致的 55 亿美元库存减记后依然鲜明。</p>
<p>自那时以来，投资者对潜在批准是否能顺利转化为持续收入持谨慎态度。</p>
<p>Nvidia 股票因北京软化对人工智能芯片进口的立场而大幅上涨的文章首发于 Invezz。</p>

<p>在有报道称中国当局可能允许国内公司购买英伟达的人工智能芯片后，英伟达的股票上涨，缓解了不确定性。北京 reportedly 已原则上批准阿里巴巴和腾讯等公司讨论潜在的英伟达 H200 芯片订单，这可能带来可观的收入。分析师估计潜在销售量为 150 万片，价值约 300 亿美元。首席执行官黄仁勋即将访问中国，进一步增强了市场准入的乐观情绪，而这一直是投资者在监管模糊情况下的主要关注点</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/Nvidia-surge.png" alt="" original-src="https://invezz.com/wp-content/uploads/2026/01/Nvidia-surge.png"/></p>
<p>Nvidia stock rose early Friday after reports suggested that Chinese authorities are moving closer to allowing domestic technology companies to purchase the US chipmaker’s advanced artificial intelligence hardware, potentially easing one of the biggest uncertainties hanging over the stock.</p>
<div class="lb-trans"><p>周五早些时候，Nvidia 股票上涨，因有报道称中国当局正接近允许国内科技公司购买这家美国芯片制造商的先进人工智能硬件，这可能缓解了悬在股票头上的最大不确定性之一。</p>
</div><p>At the time of writing, the Nvidia stock was up over</p>
<div class="lb-trans"><p>截至撰写时，Nvidia 股票上涨超过</p>
</div><p>The rally followed a Bloomberg report that Beijing has given in-principle approval to several major Chinese firms, including Alibaba, Tencent Holdings and ByteDance, to begin preparations for potential purchases of Nvidia’s H200 artificial intelligence chips.</p>
<div class="lb-trans"><p>此次反弹跟随彭博社的一则报道，该报道指出，北京已原则上批准包括阿里巴巴、腾讯控股和字节跳动在内的几家主要中国公司开始为潜在购买 Nvidia 的 H200 人工智能芯片做准备。</p>
</div><p>The development marked the clearest signal yet that China may be softening its stance after weeks of regulatory ambiguity.</p>
<div class="lb-trans"><p>这一进展标志着中国在经历数周的监管模糊后，可能正在软化其立场。</p>
</div><h2>China signals shift after weeks of uncertainty</h2>
<div class="lb-trans"><h2>中国在数周不确定后发出信号</h2>
</div><p>According to Bloomberg, Chinese regulators have cleared select technology companies to move to the next stage of discussions, allowing them to assess how many H200 chips they would need and to begin conversations around potential orders.</p>
<div class="lb-trans"><p>根据彭博社的报道，中国监管机构已允许部分科技公司进入讨论的下一阶段，允许他们评估所需的 H200 芯片数量，并开始围绕潜在订单进行对话。</p>
</div><p>“The companies are now cleared to discuss specifics such as the amounts they would require,” the report said.</p>
<div class="lb-trans"><p>“这些公司现在被允许讨论具体细节，例如他们所需的数量，” 该报道称。</p>
</div><p>As part of the process, Beijing is expected to encourage firms to purchase a certain quantity of domestically produced chips alongside Nvidia’s hardware, though no formal quota has been set.</p>
<div class="lb-trans"><p>作为这一过程的一部分，北京预计将鼓励公司在购买 Nvidia 硬件的同时，购买一定数量的国产芯片，尽管尚未设定正式配额。</p>
</div><p>The move suggests Chinese authorities may be reassessing their approach after a period marked by contradictory signals.</p>
<div class="lb-trans"><p>这一举动表明，中国当局可能在经历了一段矛盾信号的时期后，正在重新评估其策略。</p>
</div><p>In recent weeks, investors have grappled with reports of paused orders, selective approvals and shifting regulatory guidance, all of which weighed heavily on Nvidia’s stock.</p>
<div class="lb-trans"><p>在最近几周，投资者一直在应对暂停订单、选择性批准和监管指导变化的报道，这些都对 Nvidia 的股票造成了沉重压力。</p>
</div><h2>Potential revenue upside draws attention</h2>
<div class="lb-trans"><h2>潜在收入上行引发关注</h2>
</div><p>Analysts say the stakes are high if approvals ultimately translate into firm orders.</p>
<div class="lb-trans"><p>分析师表示，如果批准最终转化为正式订单，风险将非常高。</p>
</div><p>KeyBanc analyst John Vinh estimated that Chinese companies could be willing to purchase around 1.5 million H200 chips, which would represent approximately $30 billion in potential revenue for Nvidia.</p>
<div class="lb-trans"><p>KeyBanc 分析师 John Vinh 估计，中国公司可能愿意购买约 150 万颗 H200 芯片，这将为 Nvidia 带来约 300 亿美元的潜在收入。</p>
</div><p>The H200 is Nvidia’s second-most powerful AI processor and is widely used for training large language models and other advanced artificial intelligence systems.</p>
<div class="lb-trans"><p>H200 是 Nvidia 第二强大的人工智能处理器，广泛用于训练大型语言模型和其他先进的人工智能系统。</p>
</div><p>Access to the Chinese market for these chips has been viewed as critical to Nvidia’s long-term growth, particularly as demand for AI infrastructure continues to expand globally.</p>
<div class="lb-trans"><p>对这些芯片进入中国市场的访问被视为 Nvidia 长期增长的关键，尤其是在全球对人工智能基础设施需求持续扩大的背景下。</p>
</div><h2>Huang visit adds to optimism</h2>
<div class="lb-trans"><h2>黄仁勋的访问增加了乐观情绪</h2>
</div><p>The Bloomberg report coincided with a separate CNBC report saying Nvidia Chief Executive Jensen Huang is expected to visit China in the coming days, ahead of the Lunar New Year in mid-February.</p>
<div class="lb-trans"><p>彭博社的报道恰逢 CNBC 的另一则报道，称 Nvidia 首席执行官黄仁勋预计将在即将到来的农历新年前夕访问中国。</p>
</div><p>Huang is scheduled to attend a company event in Beijing and is also expected to meet with potential customers.</p>
<div class="lb-trans"><p>黄仁勋计划参加在北京举行的公司活动，并预计将与潜在客户会面。</p>
</div><p>According to the report, those discussions are likely to focus on supply constraints, regulatory conditions and the availability of US-approved chips, including the H200.</p>
<div class="lb-trans"><p>根据报道，这些讨论可能会集中在供应限制、监管条件以及包括 H200 在内的美国批准芯片的可用性上。</p>
</div><p>The visit has been interpreted by investors as another sign that Nvidia sees momentum building toward a reopening of the Chinese market.</p>
<div class="lb-trans"><p>投资者将此次访问解读为 Nvidia 看到中国市场重新开放的势头又在增强的另一个迹象。</p>
</div><h2>China overhang has capped Nvidia’s stock</h2>
<div class="lb-trans"><h2>中国因素限制了 Nvidia 的股票表现</h2>
</div><p>Access to China has been the single most persistent factor behind Nvidia’s range-bound trading over recent months.</p>
<div class="lb-trans"><p>对中国市场的访问是 Nvidia 最近几个月交易区间波动的最持久因素。</p>
</div><p>While the company has continued to report strong global demand for its AI chips, uncertainty over Chinese sales has limited investors’ willingness to push the stock decisively higher.</p>
<div class="lb-trans"><p>尽管公司持续报告其人工智能芯片在全球的强劲需求，但对中国销售的不确定性限制了投资者推动股票大幅上涨的意愿。</p>
</div><p>Chief executive Jensen Huang has repeatedly expressed optimism that US export approvals would allow Nvidia to resume shipments of the H200 chip to China.</p>
<div class="lb-trans"><p>首席执行官黄仁勋多次表示乐观，认为美国出口批准将允许 Nvidia 恢复向中国发货 H200 芯片。</p>
</div><p>That confidence, however, has been undercut by Beijing’s inconsistent messaging and the risk of sudden policy reversals.</p>
<div class="lb-trans"><p>然而，这种信心受到北京不一致的信息和突发政策逆转风险的削弱。</p>
</div><p>Those fears remain fresh after Nvidia took a $5.5 billion inventory write-down last year, when abrupt changes in export rules cut off its ability to sell China-specific chips.</p>
<div class="lb-trans"><p>这些担忧在 Nvidia 去年因出口规则的突然变化而导致的 55 亿美元库存减记后依然鲜明。</p>
</div><p>Since then, investors have been wary of assuming that potential approvals will translate smoothly into sustained revenue.</p>
<div class="lb-trans"><p>自那时以来，投资者对潜在批准是否能顺利转化为持续收入持谨慎态度。</p>
</div><p>The post Nvidia stock jumps on signs Beijing is softening stance on AI chip imports appeared first on Invezz</p>
<div class="lb-trans"><p>Nvidia 股票因北京软化对人工智能芯片进口的立场而大幅上涨的文章首发于 Invezz。</p>
</div>

Nvidia stock jumps on signs Beijing is softening stance on AI chip imports

- Nvidia 股票因中国监管机构可能允许购买其 AI 硬件而上涨。  
- 中国已经原则性批准阿里巴巴、腾讯等公司准备采购 H200 芯片。  
- 此举可能带来约 300 亿美元的潜在收入，提升 Nvidia 长期增长前景。

invezz

2 倍做多英伟达 ETF - GraniteShares

国泰CES半导体芯片行业ETF

2 倍做多 NVDA ETF - T-Rex

2 倍做多阿里巴巴 ETF - KraneShares

英伟达期权收益策略 ETF - YieldMax

费城交易所 半导体 ETF - iShares

2 倍做多英伟达 ETF - Direxion

国联安半导体ETF

标普半导体 ETF - SPDR

2 倍做多 BABA ETF - GraniteShares

半导体 ETF - VanEck Vectors

半导体 3 倍做多 - Direxion

国联安科创芯片设计ETF

英伟达

阿里巴巴-W

腾讯控股(ADR)

腾讯控股(ADS)

腾讯控股

阿里巴巴

由于北京在 AI 芯片进口上的立场出现软化迹象，英伟达股票上涨