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Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a press conference in Taipei on May 21, 2025.
I-Hwa Cheng | AFP | Gets the image
As was satisfied as Wall -Ratter was Nvidia’s quarterly results On Wednesday, CEO Jensen Juan said the company leaves billions of dollars on the table because it can no longer sell China.
“The Chinese market of $ 50 billion is effectively closed to the United States,” Juan said at the beginning of the prepared earnings. “As a result, we accept a multi -billion dollar note that cannot be sold or remaked.”
Even without access to the second largest economy in the world, Nvidia reported revenue growth by 69% up to $ 44 billion in the financial first quarter, according to analysts. The action increased by about 4% in an extended bid to the level, which would be the highest since January, if it remained there on Thursday.
Currently, Nvidia’s shares have grown a year, after a difficult beginning of 2025, adding to the action that raised market capitalization by almost 240% in 2023 and more than 170% last year.
However, Juan makes his displeasure in the Chinese situation quite understandable.
In April, Trump administration said Nvidia The previously approved H20 processor for China will require an export license that effectively disabled the sales with the help of “without a graceful period”, the company said on Wednesday. The US government has nominated national security issues that Nvidia concludes complex chips sold by the main enemy.
The H20 was introduced Nvidia after Bisen administration restricted AI’s exports in 2022.
On Wednesday, Nvidia said the sales in the last quarter would be 2.5 billion dollars higher if the company could sell H20 chips for the whole quarter rather than stop in April when a government letter received. He had to write off inventory $ 4.5 billion he could no longer use.
In the current quarter, Nvidia said the planned H20 orders had $ 8 billion that should now be removed. In the current period, the NVIDIA management is $ 45 billion, which would be approximately 18% higher if it weren’t for the restriction.
According to Juan, export control not only damages NVIDIA, but the whole US, which it said China will “move on” with Nvidia chip, and that Chinese AI researchers will turn to homegrown chips and technologies, including Huawei.
“The United States relied on its policy on the assumption that China could not do the Chips II,” Juan said. “This assumption has always been questionable, and now it is clearly wrong.”
“The question is not whether there will be in China,” Juan added. “That’s it.”
While Juan becomes more public in his disagreements with the export control policy, he is very careful not to criticize President Donald Trumpwho made a habit to make life difficult for companies and persons who openly oppose it.
Juan thanked Trump for the cancellation of the “AI diffusion” rules, which would put quotas with chips in most countries, and praised him for his help in the strike with Saudi Arabia and the United Arab Emirates for the construction of massive data centers in the Middle East. He said that Nvidia is building its latest chips and systems on American soil, a Trump plan for attracting high -tech production states.
“We share this vision” highly automated production with Trump, Juan said.
But Juan admitted that Nvidia has no other answer to China’s question.
Asked on Wednesday, whether the company is running over a new chip oriented China to sell to the region, or if Nvidia is expected to receive relief from the administration, Juan said that there was no replacement product at the moment and that the latest US restrictions are “rather tough”.
“The president has a plan,” Juan said. “He has a vision, and I trust him.”
