Jensen Huang Says Nvidia's $200B CPU Market Forecast Includes China

Nvidia CEO Jensen Huang said upon arrival at Taipei's Songshan Airport on May 24 that his forecast for a $200 billion CPU market 'includes China,' signaling Nvidia's long-term confidence in the market despite ongoing U.S.-China tech tensions.

Vera CPU — A New $200 Billion Market

During Nvidia's earnings call on May 21, Huang said the company's new Vera central processors unlock access to a $200 billion CPU market. Agentic AI — systems that autonomously complete tasks — requires high-performance CPUs running in parallel with GPUs beyond just training large models. The Vera CPU signals Nvidia's expansion from GPU dominance into the broader compute stack.

Mass production of the Vera Rubin platform, which combines the Vera CPU and Rubin GPU architectures, is ramping up now. Huang said Taiwan's supply chain faces 'a very busy second half' and confirmed a planned meeting with TSMC while in Taipei. AMD separately announced more than $10 billion of investment in Taiwan's AI sector the same day, underscoring the intensifying chip-supply competition.

H200 for China — Licensed, But Zero Deliveries

Huang said: 'H200 has been licensed to ship to China. It would be terrific to be able to serve that market.' In practice, the U.S. government has cleared roughly 10 Chinese firms to buy H200 chips, yet not a single unit has been delivered. China's policy of nurturing domestic chip suppliers remains the primary obstacle.

The Trump-Xi summit in Beijing earlier this month produced no immediate breakthrough for Nvidia. With older A100 and H100 chips already banned, Nvidia is looking to H200 as its path back into China — but regulatory and political headwinds on both sides keep supply frozen.

Super Micro Smuggling — Huang: "They Need to Improve Compliance"

Taiwanese prosecutors are investigating three individuals suspected of illegally exporting SMCI servers containing Nvidia chips subject to U.S. export controls. Huang said Nvidia is 'very rigorous' in explaining laws and regulations to partners, but added: 'Ultimately, Super Micro has to run their own company. I hope they will enhance and improve their regulation compliance.' In March, the U.S. Justice Department charged three people linked to Super Micro — including a co-founder — with helping smuggle at least $2.5 billion of U.S. AI technology to China.

Related Stocks & ETFs

NVDA — Nvidia / AMD — AMD / SMCI — Super Micro Computer / TSM — Taiwan Semiconductor (TSMC)