Nvidia Flags China AI Risks Amid $45B Sales Outlook, US Export Curbs
Nvidia Flags China AI Risks Amid $45B Sales Outlook, US Export Curbs

Nvidia Flags China AI Risks Amid $45B Sales Outlook, US Export Curbs

News summary

Nvidia continues to face significant challenges amid the ongoing U.S.-China technology conflict, despite reporting strong financial results including a 69% sales growth and a projected $45 billion revenue for the current quarter. Export restrictions imposed by the U.S., particularly on Nvidia's H20 chip sold in China, have already cost the company $2.5 billion in sales and could lead to an additional $8 billion loss, with China accounting for 12.5% of Nvidia's revenue. CEO Jensen Huang criticized some of these export curbs, calling for U.S. policies that strengthen American AI platforms rather than pushing Chinese AI development toward competitors. Meanwhile, American lawmakers like Senators Jim Banks and Elizabeth Warren have expressed national security concerns about Nvidia's ongoing operations in China, specifically the planned R&D facility in Shanghai, urging the company to reconsider activities that might empower the Chinese Communist Party. Nvidia defends its presence in China as longstanding and necessary, while also emphasizing plans to expand U.S. manufacturing and explore new markets such as the Middle East. The company acknowledges the risks but remains committed to maintaining its global leadership in AI chip technology.

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