Reported 2 days ago
Nvidia CEO Jensen Huang announced that the company's operations in China have completely ceased, dropping from a 95% market share to zero due to stringent U.S. and Chinese regulations. At a recent event, he stated that all forecasts now assume zero revenue from China, highlighting how political and economic tensions have erased one of Nvidia's largest markets. Despite this setback, the company's stock remains stable as investors have anticipated losses in this region, focusing instead on growing demand elsewhere.
Source: YAHOO