Nvidia’s AI chips have been a major focus of the rivalry between the US and China.
In January, the Trump administration began allowing the company to sell its H200 chips to Chinese customers under certain conditions.
The H200, Nvidia’s second most advanced semiconductor, had previously been restricted by Washington over concerns that it would give China’s technology industry and military an edge over the US.
However, to date the company has not been given approval to sell the chips by the Chinese authorities who want to boost their own domestic suppliers.
Last week, Huang was a last-minute addition to a host of top US CEOs accompanying President Donald Trump on his official trip to Beijing, though it is unclear whether semiconductors were discussed and if so, to what degree.
In Wednesday’s results the company said it was not assuming any revenue from data centre chip sales to China in the current quarter, and Huang told CNBC he’d “largely conceded”, external the market to Chinese tech giant Huawei.
But Alvin Nguyen, senior analyst at Forrester, said it was apparent that Nvidia could still flourish even without the Chinese market.
“By effectively excluding China and conceding that market to Huawei, Nvidia is demonstrating that global AI demand outside China is more than enough to sustain its growth.”