Nvidia Out of China After U.S. Export Controls

At a Citadel Securities event, Nvidia CEO Jensen Huang said the company is "100% out of China," with its advanced-AI accelerator market share falling from roughly 95% to zero after U.S. export controls first imposed in 2022, and that Nvidia's forecasts conservatively assume no revenue from China. He warned that broad export curbs risk backfiring on U.S. economic and technological leadership and ceding ground to Chinese competitors. The measures have rendered Nvidia's top data‑center GPUs noncompliant — including A100, H100, H200 and China‑specific variants — and have complicated licensing for lower‑end H20 parts. Chinese regulators have advised domestic firms against buying even compliant chips, accelerating a shift to homegrown alternatives such as Huawei. Huang urged a "nuanced" policy and said Nvidia will press for change, while critics like Palantir CTO Shyam Sankar have called for tougher measures, with the dynamic already reshaping AI supply chains.