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Nvidia says it has ‘largely conceded’ China’s AI chip market to Huawei
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- Nvidia CEO Jensen Huang said the company has "largely conceded" China's artificial intelligence chip market to Huawei, as U.S. export restrictions continue to reshape the global AI semiconductor landscape.
- However, China remained a key flashpoint.
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Nvidia CEO Jensen Huang said the company has "largely conceded" China's artificial intelligence chip market to Huawei, as U.S. export restrictions continue to reshape the global AI semiconductor landscape.
Huang's comments came as Nvidia reported another blockbuster quarter, with revenue surging 85% to $81.62 billion from $44.06 billion a year earlier. The company also unveiled an $80 billion share buyback program and raised its dividend.
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