Nvidia CEO Jensen Huang announced that the company will exclude China from its future revenue and profit forecasts due to ongoing U.S. chip export controls. These restrictions have notably impacted Nvidia's business, resulting in an estimated $2.5 billion in lost revenue during the first quarter of 2025. Huang emphasized that any future sales to China will be considered a bonus rather than part of the base case in financial projections. The decision reflects the challenges posed by stringent U.S. trade policies aimed at limiting AI chip sales to China. Huang communicated this update while speaking in Paris, signaling a cautious outlook on U.S. policy changes related to chip exports to China.
NVIDIA CEO HUANG EXPECTS CHINA MILITARY WON'T USE US AI CHIPS.
BREAKING: Nvidia CEO Jensen Huang assures that the Chinese military is unlikely to use NVDA's AI chips due to associated risks, addressing U.S. government concerns. Report by Ian King, Bloomberg. #Nvidia #AI
Nvidia CEO Jensen Huang said the US government doesn’t need to be concerned that the Chinese military will use his company’s products to improve their capabilities https://t.co/xzSK8WB463