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Nvidia's Jensen Huang Applauds US Trade Moves and Warns of China's AI Advances

  • Nvidia CEO Jensen Huang praised Donald Trump’s decision to rescind a Biden-era export rule that restricted chip sales to China in 2025.
  • This followed U.S. Export controls that had barred Nvidia from selling its H20 chip, causing reported losses of $2.5 billion in Q1 and $8 billion expected in Q2.
  • Huang warned that China’s AI rivals, including Huawei's AI chips nearing Nvidia’s H200 performance, are advancing quickly as China hosts half the world's AI researchers.
  • Despite the challenges, Nvidia forecasts $45 billion in revenue for Q2, with potential multi-billion-dollar deals in Saudi Arabia, the UAE, and Taiwan.
  • These developments suggest U.S.-China tensions will increasingly affect Nvidia’s business, potentially accelerating Chinese reliance on domestic AI technologies while U.S. Firms aim to maintain global AI leadership.
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Nvidia warns that US export barriers to AI technology could result in the global leadership of Chinese suppliers in the future market. "The platform that wins in China is in the position to be global leader," said Nvidia CEO Jensen Huang. However, the Chinese market is effectively closed by the export restrictions for the US industry, he criticized. Apart from the strategic considerations, Nvidia escapes a lot of business due to the export barri…

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Bloomberg broke the news in United States on Thursday, May 29, 2025.
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