<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>週五早些時候，Nvidia 股票上漲，因有報道稱中國當局正接近允許國內科技公司購買這家美國芯片製造商的先進人工智能硬件，這可能緩解了懸在股票頭上的最大不確定性之一。</p>
<p>截至撰寫時，Nvidia 股票上漲超過</p>
<p>此次反彈跟隨彭博社的一則報道，該報道指出，北京已原則上批准包括阿里巴巴、騰訊控股和字節跳動在內的幾家主要中國公司開始為潛在購買 Nvidia 的 H200 人工智能芯片做準備。</p>
<p>這一進展標誌着中國在經歷數週的監管模糊後，可能正在軟化其立場。</p>
<h2>中國在數週不確定後發出信號</h2>
<p>根據彭博社的報道，中國監管機構已允許部分科技公司進入討論的下一階段，允許他們評估所需的 H200 芯片數量，並開始圍繞潛在訂單進行對話。</p>
<p>“這些公司現在被允許討論具體細節，例如他們所需的數量，” 該報道稱。</p>
<p>作為這一過程的一部分，北京預計將鼓勵公司在購買 Nvidia 硬件的同時，購買一定數量的國產芯片，儘管尚未設定正式配額。</p>
<p>這一舉動表明，中國當局可能在經歷了一段矛盾信號的時期後，正在重新評估其策略。</p>
<p>在最近幾周，投資者一直在應對暫停訂單、選擇性批准和監管指導變化的報道，這些都對 Nvidia 的股票造成了沉重壓力。</p>
<h2>潛在收入上行引發關注</h2>
<p>分析師表示，如果批准最終轉化為正式訂單，風險將非常高。</p>
<p>KeyBanc 分析師 John Vinh 估計，中國公司可能願意購買約 150 萬顆 H200 芯片，這將為 Nvidia 帶來約 300 億美元的潛在收入。</p>
<p>H200 是 Nvidia 第二強大的人工智能處理器，廣泛用於訓練大型語言模型和其他先進的人工智能系統。</p>
<p>對這些芯片進入中國市場的訪問被視為 Nvidia 長期增長的關鍵，尤其是在全球對人工智能基礎設施需求持續擴大的背景下。</p>
<h2>黃仁勳的訪問增加了樂觀情緒</h2>
<p>彭博社的報道恰逢 CNBC 的另一則報道，稱 Nvidia 首席執行官黃仁勳預計將在即將到來的農曆新年前夕訪問中國。</p>
<p>黃仁勳計劃參加在北京舉行的公司活動，並預計將與潛在客户會面。</p>
<p>根據報道，這些討論可能會集中在供應限制、監管條件以及包括 H200 在內的美國批准芯片的可用性上。</p>
<p>投資者將此次訪問解讀為 Nvidia 看到中國市場重新開放的勢頭又在增強的另一個跡象。</p>
<h2>中國因素限制了 Nvidia 的股票表現</h2>
<p>對中國市場的訪問是 Nvidia 最近幾個月交易區間波動的最持久因素。</p>
<p>儘管公司持續報告其人工智能芯片在全球的強勁需求，但對中國銷售的不確定性限制了投資者推動股票大幅上漲的意願。</p>
<p>首席執行官黃仁勳多次表示樂觀，認為美國出口批准將允許 Nvidia 恢復向中國發貨 H200 芯片。</p>
<p>然而，這種信心受到北京不一致的信息和突發政策逆轉風險的削弱。</p>
<p>這些擔憂在 Nvidia 去年因出口規則的突然變化而導致的 55 億美元庫存減記後依然鮮明。</p>
<p>自那時以來，投資者對潛在批准是否能順利轉化為持續收入持謹慎態度。</p>
<p>Nvidia 股票因北京軟化對人工智能芯片進口的立場而大幅上漲的文章首發於 Invezz。</p>

<p>在有報道稱中國當局可能允許國內公司購買英偉達的人工智能芯片後，英偉達的股票上漲，緩解了不確定性。北京 reportedly 已原則上批准阿里巴巴和騰訊等公司討論潛在的英偉達 H200 芯片訂單，這可能帶來可觀的收入。分析師估計潛在銷售量為 150 萬片，價值約 300 億美元。首席執行官黃仁勳即將訪問中國，進一步增強了市場準入的樂觀情緒，而這一直是投資者在監管模糊情況下的主要關注點</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>週五早些時候，Nvidia 股票上漲，因有報道稱中國當局正接近允許國內科技公司購買這家美國芯片製造商的先進人工智能硬件，這可能緩解了懸在股票頭上的最大不確定性之一。</p>
</div><p>At the time of writing, the Nvidia stock was up over</p>
<div class="lb-trans"><p>截至撰寫時，Nvidia 股票上漲超過</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>此次反彈跟隨彭博社的一則報道，該報道指出，北京已原則上批准包括阿里巴巴、騰訊控股和字節跳動在內的幾家主要中國公司開始為潛在購買 Nvidia 的 H200 人工智能芯片做準備。</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>這一進展標誌着中國在經歷數週的監管模糊後，可能正在軟化其立場。</p>
</div><h2>China signals shift after weeks of uncertainty</h2>
<div class="lb-trans"><h2>中國在數週不確定後發出信號</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>根據彭博社的報道，中國監管機構已允許部分科技公司進入討論的下一階段，允許他們評估所需的 H200 芯片數量，並開始圍繞潛在訂單進行對話。</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>“這些公司現在被允許討論具體細節，例如他們所需的數量，” 該報道稱。</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>作為這一過程的一部分，北京預計將鼓勵公司在購買 Nvidia 硬件的同時，購買一定數量的國產芯片，儘管尚未設定正式配額。</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>這一舉動表明，中國當局可能在經歷了一段矛盾信號的時期後，正在重新評估其策略。</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>在最近幾周，投資者一直在應對暫停訂單、選擇性批准和監管指導變化的報道，這些都對 Nvidia 的股票造成了沉重壓力。</p>
</div><h2>Potential revenue upside draws attention</h2>
<div class="lb-trans"><h2>潛在收入上行引發關注</h2>
</div><p>Analysts say the stakes are high if approvals ultimately translate into firm orders.</p>
<div class="lb-trans"><p>分析師表示，如果批准最終轉化為正式訂單，風險將非常高。</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 分析師 John Vinh 估計，中國公司可能願意購買約 150 萬顆 H200 芯片，這將為 Nvidia 帶來約 300 億美元的潛在收入。</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 第二強大的人工智能處理器，廣泛用於訓練大型語言模型和其他先進的人工智能系統。</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>對這些芯片進入中國市場的訪問被視為 Nvidia 長期增長的關鍵，尤其是在全球對人工智能基礎設施需求持續擴大的背景下。</p>
</div><h2>Huang visit adds to optimism</h2>
<div class="lb-trans"><h2>黃仁勳的訪問增加了樂觀情緒</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>彭博社的報道恰逢 CNBC 的另一則報道，稱 Nvidia 首席執行官黃仁勳預計將在即將到來的農曆新年前夕訪問中國。</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>黃仁勳計劃參加在北京舉行的公司活動，並預計將與潛在客户會面。</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>根據報道，這些討論可能會集中在供應限制、監管條件以及包括 H200 在內的美國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>投資者將此次訪問解讀為 Nvidia 看到中國市場重新開放的勢頭又在增強的另一個跡象。</p>
</div><h2>China overhang has capped Nvidia’s stock</h2>
<div class="lb-trans"><h2>中國因素限制了 Nvidia 的股票表現</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>對中國市場的訪問是 Nvidia 最近幾個月交易區間波動的最持久因素。</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>儘管公司持續報告其人工智能芯片在全球的強勁需求，但對中國銷售的不確定性限制了投資者推動股票大幅上漲的意願。</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>首席執行官黃仁勳多次表示樂觀，認為美國出口批准將允許 Nvidia 恢復向中國發貨 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，這種信心受到北京不一致的信息和突發政策逆轉風險的削弱。</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>這些擔憂在 Nvidia 去年因出口規則的突然變化而導致的 55 億美元庫存減記後依然鮮明。</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>自那時以來，投資者對潛在批准是否能順利轉化為持續收入持謹慎態度。</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 股票因北京軟化對人工智能芯片進口的立場而大幅上漲的文章首發於 Invezz。</p>
</div>

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

- Nvidia 股票因中國監管機構可能允許購買其 AI 硬件而上漲。  
- 中國已經原則性批准阿里巴巴、騰訊等公司準備採購 H200 芯片。  
- 此舉可能帶來約 300 億美元的潛在收入，提升 Nvidia 長期增長前景。

invezz

2 倍做多英偉達 ETF - GraniteShares

國泰CES半導體芯片行業ETF

2 倍做多 NVDA ETF - T-Rex

2 倍做多阿里巴巴 ETF - KraneShares

英偉達期權收益策略 ETF - YieldMax

費城交易所 半導體 ETF - iShares

2 倍做多英偉達 ETF - Direxion

國聯安半導體ETF

標普半導體 ETF - SPDR

2 倍做多 BABA ETF - GraniteShares

半導體 ETF - VanEck Vectors

半導體 3 倍做多 - Direxion

國聯安科創芯片設計ETF

英偉達

阿里巴巴-W

騰訊控股(ADR)

騰訊控股(ADS)

騰訊控股

阿里巴巴

由於北京在 AI 芯片進口上的立場出現軟化跡象，英偉達股票上漲