Nvidia said on its earnings call that it could ship between $2 billion and $5 billion worth of H20 artificial-intelligence chips to China in its fiscal third quarter, provided current geopolitical frictions ease. The company has not factored any H20 sales into its guidance for the period, meaning the deliveries would represent a material upside to forecast revenue. The chief financial officer added that demand could exceed that range if additional orders emerge. She also noted that U.S. officials have discussed a possible 15% revenue-sharing requirement on such exports, although no formal rule has been announced. The H20 is a modified accelerator designed to satisfy U.S. export-control thresholds while addressing strong demand from Chinese cloud and internet companies. Policy uncertainty, however, continues to delay shipments, the executive said, leaving the timing and scale of Nvidia’s access to the world’s second-largest AI market contingent on Washington–Beijing relations.