Nvidia H200 Approved for Sale to Chinese Companies! Is the Biggest Winner in the AI Circle No Longer the United States?

In the past few years, the US has increasingly restricted exports of high-end chips, leading many to believe that the AI industry would cool down as a result. But the reality is quite the opposite—more restrictions, more frenzy in the market.
Recently, the US approved some Chinese companies to purchase Nvidia H200, and as soon as the news broke, the tech world exploded.
Why is this such a big deal? Because the H200 is no longer just a chip, but the "oil" of the AI era.
Training large models requires it, AI videos need it, robots need it, and autonomous driving is even more dependent on it. Whoever has more H200s is closer to the wealth code of the AI era.
So Chinese companies instantly switched to a "buying spree." Many companies are not even in urgent need now, but are worried they won't be able to buy it later.
After all, the past few years have proven: the biggest characteristic of AI chips is not their high cost, but their scarcity.
The most interesting thing is the current US attitude. On one hand, they worry about technological competition; on the other, they can't do without commercial interests. Because Nvidia's growth rate is too astonishing. The capital market has already regarded it as a printing press for the AI era.
If they lose the Chinese market long-term, Wall Street will be anxious.
So the US strategy now resembles "controlled trade": allowing some exports but keeping room for regulation.
But the market doesn't care about these details. Companies see only one message: if they can still buy, they will buy quickly.
As a result, the global GPU supply chain is once again tightening. Someone even joked: "The person who understands AI best now isn't an engineer, but a scalper."
More importantly, the logic of competition in the AI industry is changing. Previously, it was about algorithms; now it's about computing power. Previously, it was about talent; now it's about chip inventory.
Many startups, when seeking funding, are no longer asked "how many users you have," but "how many GPUs do you have."
This means the AI industry is shifting from an internet model to a "heavy asset war."
And China's frantic procurement has also made the world realize: AI competition will never stop.
The more restrictions the US imposes, the more companies want to lay out early; once restrictions loosen, the market will erupt in a buying frenzy. This cycle may continue repeatedly in the future.
In summary: the release of the H200 is not just a chip trade recovery, but the official entry of the global AI war into a new stage.
In the future, the most valuable resource may not be gold or oil, but computing power. #Gate广场五月交易分享