ByteDance, Tencent Receive 20,000 Nvidia H200 Shipments

Google raised its 2026 capex forecast to $205B from $190B, signaling increased AI investment costs. Tech giants like Meta, Amazon, and Microsoft are also expanding data centers, with spending in the hundreds of billions. Nvidia is creating a $500B fund for AI infrastructure, involving major institutional investors. Intel plans a $15B stock offering for AI development, but shares fell 5% post-announcement. China's AI advancements add uncertainty to the sector's growth.

Brazil announced a 2.3 billion reais ($444.2M) investment to boost AI, splitting projects between U.S. and Chinese firms. 1.3B reais will fund a supercomputing project with Huawei and iFlytek. Another 1B reais will be allocated for a supercomputer, with Nvidia expected to win the tender. The investments aim to strengthen Brazil's data sovereignty and strategic autonomy.

Nvidia plans to ship a new AI chip to China by year-end, using licensed tech from Groq. The chip is a modified LPU, compliant with U.S. export rules. Chinese firms have placed orders, but regulatory risks remain. Nvidia also scales H200 processor shipments and develops gaming chips for the market. Shares briefly rose but traded down 0.5%.

Google plans to end Pixel hardware production in China by 2025, shifting to Vietnam. TSMC's stock has surged, with an executive's holdings growing from NT$20M to NT$840M. AI demand is driving capacity expansions at companies like Quanta and Foxconn, but equipment bottlenecks and U.S.-China tensions pose challenges. Nvidia's H200 chips are allowed in limited quantities to China, while Beijing restricts exports of key materials to Taiwan.

Nvidia's Q2 13F filing shows SpaceX as its second-largest holding, valued at $21B. SpaceX's IPO was the largest ever, but the company faces high losses and capital expenditures. Nvidia's stake in SpaceX is now reportable due to the IPO. SpaceX's unique lockup period and Musk's divided attention raise concerns about its future performance.

China approved limited imports of Nvidia's H200 chips, with ByteDance and Tencent each receiving 10,000 units. Nvidia holds 500,000 H200 chips in inventory due to previous sales freezes. Chinese regulators require most chips to remain in Hong Kong, where data center infrastructure is lacking. The move aims to support local AI development amid US export controls and domestic chip shortages.