Nvidia says it has “largely conceded” China’s AI chip market to Huawei amid tighter US export controls, while reporting strong revenue growth and new H200 approvals.

Nvidia CEO Jensen Huang said the company has "largely conceded" China's advanced artificial intelligence chip market to Huawei.

US chip giant reports 85% year-on-year rise in quarterly revenue amid surge in AI demand, but no revenue from H200 sales in China.

Nvidia AI push sparks an Asia tech rally as Jensen Huang boosts optimism around robotics, AI chips, semiconductor stocks, and automation growth.