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.