Nvidia's Market Share in China Drops to Zero
Nvidia, a company on track to become the first $5 trillion company, has seen its market share in China's advanced AI chip segment drop from 95% to zero.
The company previously relied heavily on China for its data centre revenue, which accounted for 20-25% of its total revenue in the segment.
- The ongoing trade war between the US and China has hurt many US companies, including Nvidia.
- Trade restrictions, import tariffs, and a crackdown on China since 2022 have effectively wiped out one of Nvidia's biggest export markets.
At the moment, we are 100% out of China. We went from 95% market share to 0% - Jensen Huang, co-founder and CEO of Nvidia
Author's summary: Nvidia's China market share drops to zero due to trade restrictions.
More News
- Police raid Colonie hotel in search for McDonald's robbery suspect
- Nigerian military dismisses reports linking Independence Day parade cancellation to coup
- Cape Town Marathon canceled due to damage from severe high winds
- ICC dismisses Israel's appeal against arrest warrants for Netanyahu, Gallant
- Sunday's FTB: The Kraken released on the Leafs
- Bizarre baby star belching in both directions could solve a major mystery: Space photo of the week
- Jim’s First Alert Forecast: Warm winds Sunday; Shower chance Sunday night
- Diwali Health Warning: 5 Firecrackers That Can Seriously Damage Your Lungs