NVIDIA HUANG CEO AI Market calls a chance of $ 50 billion

The deal can Shake the export monitoring system Designed to maintain the edge of the United States in strategic technologies. Officials such as Treasury Secretary Scott Payette are GPS already Arrange as a model for other companies that hope to sell sensitive technology to China.

However, during the NVIDIA profits on Wednesday, the Colette Kress financial manager indicated that although the United States government has expressed “expecting” that it will get 15 % of NVIDIA H20 revenues, it “has not published a regulation for such a requirement.”

In depositing a later exchange, Nafidia warned “Any request to obtain a percentage of revenue by USG may be subject to us, increase our costs, and harm our competitive competitors and competitors who are not subject to such arrangements.”

The US war and technology in the United States are shadow on the increasing NVIDIA work. The company dropped China sales of its expectations, and File 10-e It includes a set of warnings about the organizational audit by Washington and Beijing.

This is a source of concern about NVIDIA and his arrival to what CEO Jensen Huang described on Wednesday as an opportunity of $ 50 billion in “the second largest computing market in the world.” NVIDIA chips may be the best artificial intelligence treatments in the world – but Chinese competitors They are attached to the knees.

NVIDIA recorded 46.7 billion dollars in quarterly revenue, by 56 % year on year, even with NVIDIA revealed that it did not charge any H20S for Chinese clients in the last quarter. A profit profit profit is also 59 % to $ 26.4 billion.

The company expected $ 54 billion in the next quarter, which will represent a leap that exceeds 50 % of the same previous period.

NVIDIA did not include the potential H20 sales to China as part of its expectations, noting “geopolitical issues.” However, in her remarks, Chris said that the company can see up to $ 5 billion in H20 revenue in the next quarter if geopolitical issues recede. She said: “Every licensed sale process we conduct will benefit the American economy.”

Sales for customers who use China as a billing site decreased to $ 2.8 billion, a decrease from $ 3.7 billion a year.

Revenue from customers who the bill in Singapore increased by 80 % to $ 10.1 billion. In providing shares, NVIDIA explained that the revenues that were booked to Singapore include products “are always shipped in almost elsewhere”, and added that 99 % of the “monitoring data center revenue” that was described to Singapore came from customers in the United States in the last quarter.

NVIDIA has been prevented from selling artificial intelligence treatments to China since 2022. Huang A. has been The critic for a long time Among the US export controls, it complains that it will instead encourage the growth of local Chinese alternatives and freeze American companies outside the market.

In April, NVIDIA revealed that it would achieve A license needs To sell the H20 processor, his last attempt to form a processor compatible with American law, to China. Then, in late July, the Trump administration reflected the path: as part of the truce of the trade war with China, the United States indicated that it might allow H20 sales in China.

Shares

Despite jumping more than 50 % in revenue, NVIDIA shares decreased by 3.1 % in extended trading, as the data center revenues, which amounted to $ 41 billion, lost some bullish estimates from analysts.

Asian technology had a mixed reaction to NVIDIA profits. The Taiwan semiconductor manufacturer has decreased by 2.5 %. Foxconn, which makes artificial intelligence services, decreased by 1.0 %.

However, SK Hynix, the Korean supplier of high -frequency memory to NVIDIA, jumped by 3.3 %. Tokyo Electron, the main manufacturer of design equipment, increased by 1.9 %.

Chinese technology companies are bad. Ali Baba decreased by 4.4 %, although negative feelings may have been due to concerns about a fierce and expensive battle about the food delivery market share with Metan and JD.com. Bido, another developer of Chinese artificial intelligence, decreased by 1.3 %.

But Chinese chip makers, who are increasingly seen as real competitors of artificial intelligence potatoes in NVIDIA – at least in China – was good in trading on Thursday. International manufacturing semi -manufacturing conductors.The National Champion Foot maker in China increased by 10.4 %. Cambricon, Another local artificial intelligence maker15.7 %, and bypassed Kweichou Moutai as the most expensive stock in China.

More competition

In providing stocks, NVIDIA gave another flagrant warning about its competitive position in China to move forward. “We may not be able to create a competitive product for the China Data Center market that gets a USG approval,” she warned of this. “In this event, we will effectively be exposed to competition in the China Data Center/account/account.”

NVIDIA products – including “Fourth Best“H20 processor – still advanced what Chinese companies can produce. However, local chip makers, such as Huawei and their upscles, have begun to catch up, and may soon offer better products than NVIDIA or his peers to sell in China.

Beijing will be very happy for Chinese companies to buy local alternatives. Earlier this month, both Bloomberg and Financial times She stated that Chinese officials were paying local companies, especially those affiliated with the government, to stop their purchases from NVIDIA chips. Officials interrogation Whether China’s chips in NVIDIA are a security risk, in pursuing discussions about the inclusion of rear doors and killing keys in NVIDIA products to combat chips.

Nafidia Denies Including any background doors in its products, Huang repeated that NVIDIA chips do not pose a threat to Chinese national security.

In its stock file, NVIDIA indicated that China can exert its regulatory pressure on the company, which indicates this Achieving anti -monopoly Last year, she was launched on Mellanox for 2020. (Beijing has often has Anti -monopoly measures are used As a way to take revenge on the US export controls). Beijing officials also ask whether compliance with US export controls constitute discrimination against Chinese customers.

China’s opportunity of $ 50 billion

On Wednesday, Huang suggested that China could provide a chance for NVIDIA $ 50 billion for this year, “if we can address it with competitive products.”

American technology shares have regained since then January Dibsic shockBut China Open Source Models from Companies such as Alibaba, Moonshot AI, Z.AI and Deepseek continued to persuade external observers. This helped strengthen Chinese stocks: Hong Cong Index increased by more than 25 % for this year, compared to 10 % for S&P 500.

China Embrace open source models How American developers come close to artificial intelligence. In recent weeks, both Openai and xi Issued open source versions of the ownership models; Samtman, CEO of Openai, referred to China as the reason for his company back to the open source.

“The vast majority of the leading open -source markets in China is being created, so it is somewhat important, I think, that American technology companies are able to address this market,” Huang said on Wednesday. “Open source models that came out of China are really excellent.”

Earlier this month, Trump suggested that he was open to NVIDIA to sell a copy of the powerful Blackwell processor to the Chinese market. Former CEO Jensen Huang confirmed that the discussions were taking place, on Wednesday, a call on Wednesday, “The opportunity to bring Blackweell to the China market is a real possibility.

“We just have to continue to defend the sensitivity and importance of American technology companies to be able to lead the artificial intelligence race and help make American technology a global pile,” Huang said.

NVIDIA may have less time than HUANG. Last week, Dibsic V3.1 unveiledThe latest AI-with a special feature that improves performance on Chinese Chinese chips.