Nvidia's Banned Blackwell AI Servers Are Selling for $1.1 Million on China's Black Market
Huang said smuggled Nvidia systems would not get support or repairs, as the company weighs national security over sales to China.
- Nvidia CEO Jensen Huang told shareholders on Wednesday that if commercial opportunities conflict with American national security, the company would prioritize American interests.
- Washington and the Trump administration have enforced export controls since 2022, forcing Nvidia to create China-specific chips; Huang warned that "smuggled" products lack essential support.
- About 9% of Nvidia's fiscal 2026 revenue came from China, including Hong Kong, as Huang emphasized that "Advanced AI data centers are massive integrated systems that require trusted hardware, software, networking, and continuing support."
- Earlier this month, the U.S. government ordered Anthropic to disable access to its most advanced models, forcing the shutdown of Fable 5 and Mythos 5 that use Nvidia chips.
- Nvidia generated over $96 billion in free cash flow in fiscal 2026 and plans to return 50% to investors through dividends and share repurchases over the next few years.
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Nvidia CEO Jensen Huang says smuggled data centres are a dead end and national security comes first
Nvidia CEO Jensen Huang told shareholders on Wednesday that if a commercial opportunity conflicts with US national security, the company would prioritise American interests. “National security comes first,” Huang said in a session shortly after the company’s annual stockholder meeting concluded. Huang addressed the chip smuggling problem directly, arguing that anyone trying to build AI […] This story continues at The Next Web
U.S. export restrictions on AI chips from China have increased black market demand for Nvidia's advanced hardware. Chinese companies are reportedly willing to pay prices several times higher than US prices to access high-performance AI systems.
FT: is the signal of the increasing difficulty of circumventing the restrictions imposed by the United States and, at the same time, of a strong demand
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