The Rundown Broadcom Posts Blowout Earnings, Nvidia Halts H200 Production for China
Mar 5, 2026
Markets and crypto make a surprise bounce. Tariffs jump to 15% and firms warn of big costs. Broadcom reports AI sales doubling. Nvidia pauses H200 shipments to China amid regulatory hurdles. OpenAI explores ad partnerships. Apple debuts a $600 MacBook Neo.
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Tariff Rate Hike And Refund Fallout
- The U.S. raised general tariff rates from 10% to 15% using Section 122 after the IEPA tariffs were struck down, while the government must refund $130+ billion collected under IEPA.
- Thousands of companies sued for refunds and a federal trade court ordered the government to start issuing them, creating ongoing trade and legal uncertainty.
Broadcom Sees Huge AI Revenue Runway
- Broadcom's AI business is rapidly scaling, with AI-related revenue more than doubling to $8.4 billion and total revenue beating estimates at $19.3 billion.
- Management guided $22 billion next-quarter revenue and sees AI chip revenue topping $100 billion in 2027, citing custom chips for Google, Meta, and OpenAI.
NVIDIA Stops H200 China Shipments
- NVIDIA halted production of H200 chips for China and redirected TSMC capacity to its next-gen Vera Rubin chips because import approvals stalled.
- The company expected over 1 million H200 orders but saw regulatory pushback from both the U.S. and China, so it shifted to chips wanted by OpenAI and Google.