Jensen Huang Said Its China AI Business Was Dead. Reuters Just Found $3.2 Billion That Raises Questions

Jensen Huang Said Its China AI Business Was Dead. Reuters Just Found $3.2 Billion That Raises Questions

NVIDIA told investors to expect nothing from China, and Jensen Huang called its market share there zero. Chinese procurement records tell a different story, and the gap could matter more than any earnings beat.

NVIDIA chips feature in US$3.2B of Chinese AI projects

Reuters identified about US$3.2B in Chinese AI projects specifying NVIDIA chips, spanning operating clusters, planned investments and construction.

Reuters Found $3.2B in Nvidia China AI Deals the Company Said Didn't Exist

Reuters reviewed more than 150 Chinese procurement notices and found over $3.2 billion in AI data-center projects explicitly specifying Nvidia's restricted H100, H200, and H800 processors, chips the company's SEC filings said it was legally barred from selling into China.