Core Insights - Nvidia's CEO Jensen Huang stated that the company's business in China has completely collapsed, going from a 95% market share to 0% due to U.S. and Chinese policies [1][2] - The U.S. has banned exports of Nvidia's advanced AI chips, which has led to a significant loss of revenue from the Chinese market, previously accounting for about 25% of Nvidia's data-center revenue [2][3] - Despite the loss in China, Nvidia's stock has remained stable as investors have already factored in this loss, viewing it as a cost of doing business in a tech protectionist environment [4][5] Summary by Sections Market Impact - Nvidia's China business is now "100% out," indicating a total loss of market presence [1] - The company's revenue from China has vanished almost overnight due to both U.S. export bans and Chinese government warnings against purchasing Nvidia products [2] Policy and Economic Concerns - Huang expressed frustration over U.S. policies that have excluded Nvidia from the Chinese market, emphasizing that this could accelerate China's development of its own AI technology [3] - The company views the current situation in China as a new baseline for operations, with "zero" revenue from the region being accepted in the context of global tech protectionism [5] Stock Performance - Nvidia's share price has more than tripled in the past two years, driven by demand from hyperscalers in other regions [4] - Investors appear to be optimistic about Nvidia's prospects outside of China, maintaining confidence in the company's ability to thrive despite the loss of the Chinese market [4]