# 英伟达对华恢复H200出货，营收再创新高

- 来源：X.PIN (@thexpin)
- 发布时间：2026-08-27 16:10
- AIHOT 分数：67
- AIHOT 链接：https://aihot.virxact.com/items/cmtb9axq60ox9roamaui2rulk
- 原文链接：https://x.com/thexpin/status/2092887339039146489

## AI 摘要

英伟达确认，根据美国新许可证，已恢复对中国的首批H200出货，结束了长达数月的封锁期。该销售额不到第二季度890亿美元数据中心营收的1%。其1080亿美元的第三季度预测仍假设中国数据中心计算营收为零。第二季度营收创下962亿美元的纪录，同比增长106%。英伟达预计2028财年增长接近70%，但黄仁勋表示，若无约束的需求将远高于此。Rubin预计将占第三季度数据中心营收的20%。中国正在重新开放；供应仍是真正的上限。

## 正文

Nvidia confirmed its first H200 shipments to China under new U.S. licenses, ending a months-long lockout. Sales were under 1% of Q2’s $89B data-centre revenue.
Its $108B Q3 forecast still assumes zero China data-centre computing revenue. Q2 revenue hit a record $96.2B, up 106% YoY.
Nvidia sees FY2028 growth near 70%, yet Jensen Huang says unconstrained demand would be far higher. Rubin is expected to reach 20% of Q3 data-centre revenue. China is reopening; supply remains the real ceiling.