Nvidia Denies H100, H200 AI Chip Shortage Rumors, Confirms Sufficient Inventory to Fulfill Orders

Nvidia Corporation (NASDAQ:NVDA) is one of the best QQQ stocks to buy right now. On September 2, Nvidia addressed what it called “erroneous chatter” regarding a supply shortage of its H100 and H200 AI chips. In a statement posted on X, the company denied reports that its high-end GPUs were “sold out” and asserted it has enough inventory to fulfill all customer orders without delay.

This denial came after its stock shares dropped by more than 3% following market speculation. The company’s clarification was also in response to recent comments made by CEO Jensen Huang during an earnings call, where he had alluded to strong market buzz about the chips being sold out due to high demand. Nvidia has since stated that while demand is indeed strong and cloud partners are renting out all available units, this does not mean the company is unable to fulfill new orders.

Nvidia further denied claims that the production of its China-exclusive H20 GPU, designed to comply with US export restrictions, was limiting the supply of its H100, H200, or its next-generation Blackwell products. The company confirmed that selling the H20 has no impact on the availability of its other products.

Nvidia Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics and compute & networking solutions in the US, Singapore, Taiwan, China, Hong Kong, and internationally.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.