Individual Stock News
1. Nvidia (NVDA.US) Clarifies: No Upfront Payment Required for H200 Chip Purchases, Sharp Terms for Chinese Customers Spark Heated Debate. Chip giant Nvidia stated on Tuesday that it does not require customers to pay upfront for H200 chips. An Nvidia spokesperson said in a statement that the company “would never ask customers to pay for products they have not received.” This statement was in response to a recent media report that Nvidia imposed unusually strict terms on Chinese customers seeking to purchase its AI chips, requiring full upfront payment and prohibiting order cancellations, refunds, or configuration changes after ordering. The report claimed that Nvidia’s stringent requirements were primarily to mitigate the risk of policy changes, given that the company has not yet obtained a license to sell H200 chips in the Chinese market.