Rumor
VNET and GDS expected to benefit from Nvidia H200 sales in China
Wednesday, March 18, 2026 at 11:18 AM
VNET and GDS Holdings are expected to see significant revenue growth following the commencement of Nvidia H200 AI chip sales in the Chinese market. The deployment of these advanced GPUs is anticipated to drive demand for data center capacity provided by these infrastructure operators.
Context
On March 17, 2026, Nvidia CEO Jensen Huang confirmed that the company has officially restarted manufacturing of its H200 AI GPUs for the Chinese market. This reversal comes after a period of supply chain stagnation caused by strict U.S. export controls. Nvidia has reportedly secured the necessary export licenses from the U.S. government and is now fulfilling a significant backlog of purchase orders from multiple Chinese customers. This development marks the first major movement in the China supply chain for high-end Nvidia hardware in over a year.
The resumption of shipments is expected to provide a substantial tailwind for major Chinese data center operators, specifically VNET Group and GDS Holdings. These firms have faced capacity constraints while waiting for high-performance silicon to power generative AI and high-performance computing (HPC) workloads. With VNET's stock already up over 319% in the past year due to AI enthusiasm, the arrival of the H200 allows these providers to finally monetize their extensive infrastructure pipelines and meet the high domestic demand for AI training capabilities.
Sources (7)
Nvidia halts China-bound H200 output, shifts TSMC capacity to Vera Rubin, FT reports | ReutersNvidia readies cut-down HGX H20 GPU for China to comply with export control rules | Tom's HardwareThe Investment & Markets Channel (EN), Dan Swinhoe, DCDNVIDIA Vs VNET: Which is a Better Buy? AI Stock Analysis - Danelfin15 Best Data Center Stocks to Buy Now - Insider MonkeyFuture-proof your data centre and experience ...VNET Group, Inc.: BJ15 Data Center
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