The Nvidia H200 order will begin delivery in Q3 and is expected to be shipped in the first half of next year. The upstream chip end of Nvidia AI GPU H200 will enter the mass production period in late Q2 and is expected to be delivered in large quantities after Q3. But the launch schedule of Nvidia Blackwell platform is at least one to two quarters ahead of schedule, which affects the willingness of end customers to purchase H200. The supply chain points out that currently, the client orders awaiting shipment are still mostly concentrated in the HGX architecture of H100, with a limited proportion of H200. In Q3, the H200 that will be mass-produced and delivered is mainly NVIDIA DGX H200; As for B100, it already has partial visibility and is expected to be shipped in the first half of next year.