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.

Nvidia's China AI chip market share has fallen from 95% to zero as US export controls hand the market to Huawei, reshaping the global AI hardware landscape.