Nvidia has paused production of its H200 AI chips for the Chinese market due to regulatory uncertainty, which could pressure its stock. The company has reportedly shifted manufacturing capacity toward next-generation hardware. However, a new order for 50,000 B300 GPUs from IREN Limited provides a counterbalance, potentially supporting future revenue. Nvidia stock was trading near its 52-week high at press time.
Nvidia has halted production of its H200 artificial intelligence chips destined for China. The company reportedly asked Taiwan Semiconductor Manufacturing Company to reallocate this capacity to making its next-generation Vera Rubin hardware.
This pause stems from ongoing regulatory challenges between Beijing and Washington. “While small amounts of H200 products for China-based customers were approved by the US government, we have yet to generate any revenue, and we do not know whether any imports will be allowed into China,” stated Nvidia CFO Colette Kress.
In a separate development, IREN Limited announced a major order for 50,000 B300 Nvidia GPUs. The cloud infrastructure firm, which operates data centers with 100% renewable energy, will receive the delivery in the second half of 2026.
IREN intends to deploy these GPUs in its air-cooled data centers in Texas and British Columbia. The company revealed this expansion could help it achieve an annualized run-rate revenue exceeding $3.7 billion by the end of 2026.
At press time, Nvidia stock was trading near the top of its 52-week range and above its 200-day simple moving average. It remains one of the top AI stocks within the so-called magnificent-7 grouping of major US companies.
