{"id":59066,"date":"2026-02-24T19:08:25","date_gmt":"2026-02-24T23:08:25","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/fed-holds-steady-as-nvidia-h200-shipments-to-china-stall-hp-inc-navigates-memory-volatility\/59066\/"},"modified":"2026-02-24T19:08:25","modified_gmt":"2026-02-24T23:08:25","slug":"fed-holds-steady-as-nvidia-h200-shipments-to-china-stall-hp-inc-navigates-memory-volatility","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-holds-steady-as-nvidia-h200-shipments-to-china-stall-hp-inc-navigates-memory-volatility\/59066\/","title":{"rendered":"Fed Holds Steady as Nvidia H200 Shipments to China Stall; HP Inc Navigates Memory Volatility"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Federal Reserve officials signaled a &quot;wait and see&quot; approach<\/strong>, maintaining interest rates in the <strong>3.5% to 3.75% range<\/strong> as they evaluate the impact of AI-driven productivity and persistent inflation.<\/li>\n<li><strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) has yet to ship any H200 AI chips to China<\/strong>, according to U.S. Commerce Department officials, despite a policy shift in December allowing for case-by-case export reviews.<\/li>\n<li><strong>HP Inc (<a href=\"\/stock\/HPQ\">HPQ<\/a>) warned of prolonged memory chip volatility<\/strong>, with rising <strong>DRAM and NAND prices<\/strong> expected to impact margins through fiscal year 2026 and potentially into 2027.<\/li>\n<li><strong>HP Inc (<a href=\"\/stock\/HPQ\">HPQ<\/a>) remains confident despite trade uncertainty<\/strong>, stating it expects no negative impact from the recent <strong>Supreme Court ruling<\/strong> that struck down certain executive-imposed tariffs.<\/li>\n<\/ul>\n<p>On Tuesday, Federal Reserve officials indicated there is <strong>no imminent need to adjust monetary policy<\/strong>, reinforcing a cautious stance following three rate cuts in late 2025. Vice Chair <strong>Philip Jefferson<\/strong> and Governor <strong>Stephen Miran<\/strong> noted that while AI technology could boost long-term productivity, the current priority remains ensuring inflation\u2014currently trending between <strong>2.4% and 2.7%<\/strong>\u2014returns sustainably to the <strong>2% target<\/strong>. <em>Market participants now expect the central bank to remain on hold until at least the June meeting, as officials weigh the risks of a &quot;sticky&quot; inflationary environment against a stabilizing labor market.<\/em><\/p>\n<p>In the semiconductor sector, U.S. Assistant Secretary for Export Enforcement <strong>David Peters<\/strong> confirmed that <strong>zero H200 chips<\/strong> have been delivered to Chinese customers to date. Although the administration recently moved away from a &quot;presumption of denial&quot; for these exports, the <strong>strict licensing requirements<\/strong>\u2014including third-party security testing in the U.S.\u2014have effectively stalled shipments. Major Chinese tech players, including Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>), Tencent (<a href=\"\/stock\/TCEHY\">TCEHY<\/a>), and <strong>ByteDance<\/strong>, have reportedly lined up orders for over <strong>2 million units<\/strong> valued at approximately <strong>$14 billion<\/strong>, but these remain in regulatory limbo.<\/p>\n<p>Meanwhile, HP Inc (<a href=\"\/stock\/HPQ\">HPQ<\/a>) provided a mixed outlook during its fiscal first-quarter earnings call, highlighting a <strong>&quot;dynamic memory environment&quot;<\/strong> characterized by rising costs. The company\u2019s interim CEO noted that <strong>volatility in DRAM and NAND supply<\/strong> will likely persist for the next 18 to 24 months. To combat these headwinds, the hardware giant is implementing <strong>aggressive cost-cutting measures<\/strong> and &quot;pricing actions&quot; to protect its bottom line as component prices climb.<\/p>\n<p>Addressing recent legal shifts in trade policy, HP Inc (<a href=\"\/stock\/HPQ\">HPQ<\/a>) executives downplayed the impact of the <strong>February 20 Supreme Court ruling<\/strong> that invalidated several of President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s &quot;Liberation Day&quot; tariffs. While the ruling created broader market uncertainty and potential for <strong>billions in refunds<\/strong> for some importers, HP stated it will continue its engagement on trade issues without expecting a material hit to its operations. <em>The company appears well-positioned to navigate the new 15% temporary global tariffs recently proposed as a workaround to the court&#39;s decision.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Federal Reserve officials signaled a &quot;wait and see&quot; approach, maintaining interest rates in the 3.5% to 3.75% range 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