Nvidia's CEO announced that the company will no longer factor the Chinese market into its revenue forecasts due to stringent US export restrictions on chip sales to China. These measures aim to hinder China's military and AI advancements by limiting access to American chip technologies. Despite posting impressive revenue growth, Nvidia missed out on $2.5 billion due to these regulations. Although there are discussions about possibly easing some restrictions, high-end chips crucial for AI will remain controlled, highlighting ongoing geopolitical tensions affecting the tech sector.
I’ve told all of our investors and shareholders that, going forward, our forecasts will not include the China market.
Washington has stepped up efforts to restrict China's access to American chip-related technologies, aiming to prevent Beijing from using US innovations.
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