Nvidia's Market Share in China Drops to Zero
Nvidia, potentially the first $5 trillion company, previously relied heavily on China for data centre revenue, accounting for 20-25% of its total revenue in the segment.
The US-China trade war has negatively impacted many US companies, including Nvidia. CEO Jensen Huang confirmed the company's market share in China's advanced AI chip segment has fallen from 95% to zero.
At the moment, we are 100% out of China. We went from 95% market share to 0%.
This significant decline is due to trade restrictions, import tariffs, and a crackdown on China since 2022, effectively eliminating one of Nvidia's largest export markets.
Author's summary: Nvidia's China market share drops to zero due to trade restrictions.