Nvidia won't sell Blackwell AI chips to China, CEO Jensen Huang says

Core Viewpoint - Nvidia's CEO Jensen Huang has downplayed the likelihood of the company selling its AI chips in China in the near future due to existing restrictions that have effectively eliminated Nvidia's presence in the Chinese market [1][2]. Group 1: Market Presence and Strategy - Huang stated that there are currently no active discussions regarding shipping products to China, emphasizing that the decision lies with China regarding when Nvidia products may return to the market [2]. - The company's business in China has collapsed from a 95% market share to 0%, with Huang indicating that all forecasts assume zero revenue from China [3]. - Nvidia's stock has seen a decline of 1.4% in premarket trading, contributing to an almost 9% drop over the past five days amid a broader selloff in tech stocks [3]. Group 2: Future Outlook - Huang expressed hope for a change in Chinese policy that would allow Nvidia to re-enter the market, but noted that China has made it clear they do not want Nvidia's presence at this time [3]. - Speculation existed regarding a potential trade deal between the U.S. and China that could facilitate Nvidia's sales of advanced AI chips, but recent statements from President Trump suggest that Nvidia must prioritize U.S. companies [2].