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 stated that Nvidia's market share in China's advanced AI chip segment has fallen from 95% to zero due to trade restrictions and tariffs.
“At the moment, we are 100% out of China. We went from 95% market share to 0%.”
This significant decline is a result of the ongoing trade war, which has effectively wiped out one of Nvidia's biggest export markets since 2022.
Author's summary: Nvidia's China market share drops to zero.