Nvidia CEO Reportedly Expresses Disappointment Over China’s AI Chips Ban

Jensen Huang, CEO of Nvidia Corp. (NVDA), has reportedly expressed his disappointment after reports that China has directed domestic firms to avoid purchasing the company's AI chips. 

According to a CNBC report, in a press briefing held in London, Huang also acknowledged the political complexities of the U.S.-China relationship.

“We can only be in service of a market if the country wants us to be. We probably contributed more to the China market than most countries have. And I’m disappointed with what I see,” Huang said. 

Earlier, a Financial Times report stated that the Cyberspace Administration of China (CAC) has instructed major firms, including Alibaba Group Holding (BABA) and ByteDance, to halt the testing and procurement of Nvidia’s RTX Pro 6000D, a chip specifically designed for the Chinese market.

Nvidia stock traded over 2% lower on Wednesday, after the morning bell. On Stocktwits, retail sentiment around the stock improved to ‘neutral’ from ‘bearish’ territory amid ‘low’ message volume levels.  

The chip giant’s business in China has faced increasing hurdles in recent years, notably following U.S. government export restrictions on advanced semiconductors. 

In response, the company created a special version of its chip for China, called the H20, designed to meet the regulations. However, the new Trump administration later decided to block that version as well. Since then, the White House has eased the restrictions slightly and is now approving export licenses for Chinese firms on an individual basis.

According to the report, Huang stated that Nvidia has advised analysts to exclude China from their revenue forecasts. Nvidia’s stock has gained over 27% year-to-date and 47% in the last 12 months. 

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