As we look ahead to invidia earnings tomorrow night, uncertainty around China still looming after

reports that it halted production of its made for China chip.

Our Christina Parts of Nevelos has more on what to expect and obviously one of the most

important prints of the quarter, KP.

Yeah, and so for Nvidia, the China story is really less about what just happened, what

you just talked about, and more about what comes next.

The company's latest quarter world almost certainly shows zero revenue from China after the H20 export ban, which is a stark contrast to the estimated $16 billion backlog that Oppenheimer says existed when the bet actually hit in April.

The stock though is trading near all-time highs, looking at trading at 181. The all-time high

was around 184, but it faces a critical test. Can management provide any visibility on China's

return? U.S. officials began granting limited licenses in August, but with a quarter ending on July 31st,

a lot of Wall Street analysts just don't expect any immediate revenue recognition for China.

Chinese authorities are also simultaneously pressuring domestic firms to buy local alternatives,

like Huawei chips, just as NVIDIA is really trying to restart supply.

And then there's recent reports suggesting NVIDIA's already slowing H20 production due to this pushback,

though the company only said it, quote, constantly manages supply chains to address market conditions.

So somewhat of a vague answer that didn't really deny it.

The wildcard, though, is in video's new B-30 chip

design for China, with speculation that President Trump's administration could approve

exports in the near term. That could mean today's muted H20 revenues, specifically for China,

get replaced by much larger B-30 sales down the line. With CEO Jensen Wong calling China a $50 billion market opportunity,

even capturing low single-digit share would be material to the stock. But until management

really offers any concrete guidance specifically around China, this overhang will likely cap the

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