Nvidia's China Sales Plummet, Company Seeks New Markets

Nvidia faces significant challenges in China, with H20 chip sales plummeting to $50 million due to trade tensions and competition from local rivals like Huawei and Alibaba. The companys revenue from China dropped to 5% of total sales, down from 13% last year. Despite these setbacks, Nvidia is expanding into other countries and engaging with governments to navigate the complex AI market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.