Nvidia receives orders from China: Huang calls OpenClaw the next ChatGPT

Nvidia announced the resumption of orders from China and active expansion of H200 chip supplies. On the same day, CEO Jensen Huang called the Chinese AI product OpenClaw "the next ChatGPT" — Chinese AI company stocks immediately surged.

China Is Buying Nvidia Again

For two years, China lived under pressure from American export restrictions on advanced semiconductors. First, the Biden administration cut off supplies of H100 and A100 chips. Then restrictions expanded, and it seemed Nvidia was gradually losing one of its largest markets. The reality proved more complex: the company adapted through a product maneuver.

The H200 chip is not Nvidia's top-tier product in its lineup, but it's powerful enough for training and inference of large language models. Nvidia positions it as a product not falling under strict restrictions — the "permitted" performance tier for the Chinese market. Chinese cloud providers and AI labs quickly oriented themselves.

• H200 is formally not banned and ships legally
• Major Chinese hyperscalers — Alibaba, Tencent, Baidu — are again among the buyers
• Nvidia is expanding local support and logistics for the Chinese market
• H200 falls short of B200, but covers the majority of real-world AI lab tasks

Nvidia confirmed: orders are coming in, H200 sales are growing steadily. This is the first clear signal of the company's restored presence in China — not through circumventing restrictions, but through adjusting the product lineup to current regulations.

OpenClaw: Huang's Word Moves the Market

Jensen Huang stated that OpenClaw is "the next ChatGPT." The market reacted instantly: Chinese AI company stocks surged sharply.

OpenClaw is a Chinese AI product gaining popularity in the region amid a wave of post-DeepSeek developments.

"OpenClaw is the next ChatGPT," — Jensen Huang.

The fact that the CEO of the world's largest GPU manufacturer publicly equates a Chinese product to ChatGPT is more than a compliment. It's an acknowledgement that Silicon Valley wasn't making a year ago.

DeepSeek showed in early 2025: Chinese AI teams are capable of creating competitive products faster than Western labs manage to realize. Huang is signaling that this cycle continues.

Huang's words should also be read through a business lens. Nvidia sells chips to everyone — OpenAI, Google, Anthropic, and Chinese labs equally. If OpenClaw grows to ChatGPT scale, Nvidia will sell even more equipment to that ecosystem. The CEO's praise is simultaneously a market assessment and a strategic signal to investors.

Kalshi Under Criminal Investigation in Arizona

A parallel story of the day was Kalshi — an American prediction market platform. The state of Arizona brought criminal charges against the company, after which CEO Tarek Mansour gave Bloomberg an exclusive interview.

Kalshi operates like a betting exchange on real events: elections, IPOs, Federal Reserve decisions, sports matches. The platform received a CFTC license and is considered a legal financial instrument at the federal level. Arizona sees it differently — this is the first precedent of criminal prosecution for a prediction market at the state level.

When a state qualifies exchange derivatives as illegal gambling, a collision arises: one regulator permitted it, another is prosecuting it. For Polymarket, Manifold, and other similar platforms, the outcome of this case will become a legal precedent.

What This Means

Nvidia found a way into China through product flexibility, not sanctions circumvention. Huang publicly recognized Chinese AI as an equal competitor — and the market reacted immediately. Kalshi reminds us: even a licensed business can face criminal charges from an individual state.

The AI industry is growing under conditions of constant regulatory uncertainty — and, apparently, has already gotten used to it.