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Nvidia rebuts claim that it’s requiring full upfront payment from Chinese buyers of its H200 AI chips

An Nvidia spokesperson offered a rebuttal to Reuters on Tuesday, saying the chip designer does not require full payment for H200 chips up front, as the outlet had claimed in a January 8 report.

President Trump had said that Nvidia could ship H200s, their best chip from the Hopper generation, to China on December 8. Chinese regulators, however, would need to allow their companies to import these chips, at a time when the nation’s leadership is keenly interested in bolstering domestic alternatives.

Concerns over whether Chinese regulators would permit imports fueled Nvidia’s alleged payment strategy, per Reuters. But Nvidia has now told the outlet that it “would never require customers to pay for products they do not receive.”

Of note: the chip designer isn’t going on the record to contradict any of Reuters’ other recent reporting surrounding its H200 chips, which includes:

  • Demand for H200s is extremely hot, with Chinese companies having already placed orders for 2 million in 2026

  • Nvidia is planning on selling these chips at around $27,000 apiece

    • Put those two together, and that’s a $54 billion revenue opportunity

  • Nvidia plans to begin sending its H200 GPUs (which it holds in inventory) to China by mid-February

  • The world’s most valuable company has asked TSMC to boost production of these chips

Last week, Bloomberg reported that China plans to allow purchases of H200s “as soon as this quarter.”

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Delta: Aerial Views Of Aircraft At Boston Logan International Airport

Delta tumbles after 2026 earnings guidance disappoints

The country’s largest airline forecasted adjusted earnings of between $6.50 to $7.50 per share in 2026, while analysts were looking for $7.28.

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Citi upgrades Palantir to “buy,” citing recent conversations with CIOs

Citi analysts hit the buy button on Palantir Technologies Monday, citing a strong outlook for growth both in Palantir’s large government contracting and defense business as well as its rapidly growing commercial division, which sells software to corporations to help them better use AI technology.

“Our upgrade is premised on our view that 2026 is poised to be another year of significant positive estimate revisions, with recent CIO [chief information officer] + industry conversations suggesting AI budget and use cases are accelerating in the enterprise. We also see significant tailwinds in the Government driven by accelerating defense budgets and modernization urgency.”

The bank, which had a “neutral” rating on the stock since February 2024, also cited chatter at its recent IT software conference, where participants talked up the cost savings generated by Palantir’s AI Platform software and noted that its Q4 IT survey on software budgets showed an incremental rise in budgets “especially for dedicated AI workloads and data project prioritization.”

“We expect PLTR, with its Foundry and AIP platform, to be one of the key Data Analytics/ AI vendors that could see further tailwind into numbers,” Citi analysts wrote.

Palantir is expected to report Q4 results on February 18.

But it’s an open question whether the surging growth Citi now sees for the company has already been priced in for the stock. The shares have risen close to 1,000% over the last two years, pushing standard measures of valuation to arguably lunatic levels.

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