NVIDIA Corporation (NASDAQ:NVDA) is one of the Must-Watch AI Stocks on Wall Street. On July 29, Reuters reported that Nvidia has placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week driven by Chinese demand.

Nvidia developed the H20 to compete with Huawei, a chipmaker based in China. The US bars companies from selling US technology to Huawei. That approach appears to have been successful at slowing Huawei’s progress in developing critical technology,

Nvidia has ordered 300,000 H20 GPUs from TSMC as Chinese demand surges, despite political backlash over national security risks. The U.S. still hasn’t approved export licenses, but Nvidia aims to retain its foothold in China’s AI market,