Nvidia (NVDA.US)      announced yesterday (15th) that the US government will grant it an export license for its customized H20 AI GPU to the China market, and the Company hoped to begin deliveries soon, Goldman Sachs issued a research report saying.

Goldman Sachs expected the market to react positively to this news, as Nvidia's resumption of AI GPU exports to China is likely to alleviate the chip shortage in China, which has affected capital expenditure of Chinese cloud service platforms and the order visibility of Chinese data center operators.

Related NewsM Stanley: Resumption of H20 Supply to Alleviate Procurement Bottleneck Issues for Cloud Service Providers; Top Pick GDS (GDS.US)
Therefore, the broker rated stocks in China's cloud service and data center sectors, including cloud service platforms Alibaba (BABA.US)      (09988.HK)  -1.300 (-1.142%)    Short selling $653.05M; Ratio 13.741%   , TENCENT (00700.HK)  +1.500 (+0.290%)    Short selling $472.07M; Ratio 13.028%   and Baidu (BIDU.US)      (09888.HK)  -3.100 (-3.501%)    Short selling $361.53M; Ratio 34.028%   , as well as data center operators GDS Holdings (GDS.US)      (09698.HK)  -0.450 (-1.195%)    Short selling $39.20M; Ratio 36.099%   and VNET Group(VNET.US)      , at Buy.

Goldman Sachs also lifted its target price for GDS Holdings from $36 to $39, and rated Kingsoft Cloud (KC.US)      (03896.HK)  +0.090 (+1.184%)    Short selling $21.15M; Ratio 2.343%   at Neutral, with rating at Sell for SINNET(300383.SZ)  +0.130 (+0.820%)   .
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