Nvidia CEO Praises Trump's Policies Amid China Export Challenges

Nvidia CEO says Trump's tariff plan is 'utterly visionary'

Nvidia boss also says rescinding the AI diffusion rule was 'completely visionary.' Nvidia CEO Jensen Huang made himself available for media interviews in the wake of the publishing of its record $44 billion revenue financials and the traditional analysts' call. Bloomberg has shared its on-air Q&A session with Huang, in which the Nvidia boss was questioned about the impact of U.S. policy on his company's recent revenue. However, when specifically addressing President Trump's tariffs and decision to rescind the AI Diffusion Rule, Huang couldn't have been more extravagant with his personal praise. After Huang's gentle criticism of U.S. policy regarding exports of technologies that could accelerate AI, the Bloomberg journalist got more specific about the U.S. administration's policies. Specifically, he asked the Nvidia CEO about his trust of President Trump, and the direction things were going in. "Obviously, I don't know all of his ideas, but let me tell you about two that are incredible," answered Huang. "The first one is utterly visionary. The idea of tariffs being a pillar of a bold vision to re-industrialize to onshore manufacturing and motivate the world to invest in the United States is just an incredible vision. I think this is going to be a transformative idea for the next century for us, explained the Nvidia CEO. "We're all in on the idea. We're setting up plants and encouraging our partners from around the world to invest in the United States, and we have a lot of stuff going on, and so I'm very excited about that." Some more outpourings of praise followed. Huang was perhaps hoping to influence any forthcoming decision(s) which would fill the vacuum caused by the AI diffusion rule being rescinded. "The second major idea is to rescind the AI diffusion role, recognizing that this isn't about limiting American technology, but this is about accelerating American stacks around the world to make sure that, before it's too late that the world builds on American stacks during this extraordinary time, the AI era." Yet more praise was lavished on the U.S. president to underline Huang's admiration. He ended this segment by saying, "These two initiatives are completely visionary, and it's going to be transformative for America." The interview with Huang also covered how Nvidia successfully made up for lost China revenue streams. The Nvidia CEO snappily replied, "We have a whole bunch of engines firing right now," illustrating the appeal of a broad base and wide customer portfolio. He also took the opportunity to blow the Nvidia tech trumpet, adding, "people realize that Blackwell is a home run." Still on the topic of China, Huang lamented the loss of U.S. influence in the AI industry there. He reminded the interviewer that the Chinese market is very important for its absolute size, and that it is still home to maybe 50% of the world's AI researchers. Naturally, developers there are pivoting to Huawei, for example. That's an "unfortunate part of changing policy," said Huang, but he hoped things would change so U.S. tech could again become a desirable standard. Later in the interview, the Nvidia CEO was asked about immigration and the tech industry in the U.S. Naturally, Huang was all for streamlining the inflow of talented engineers and scientists. He also took the opportunity to heap praise on Elon Musk. The Nvidia CEO described Musk as an "extraordinary engineer" who was stewarding "revolutionary companies." The Bloomberg interview ended with some talk about Europe. Huang will be seeing lots of heads of state and companies across Europe in the coming week. AI is going to be part of the national infrastructure like electricity, or the internet - and Europe wants to embrace this idea, it seems.

Nvidia Criticizes US's China Chip Ban, Stops Short of Blaming Trump Directly

Facing billions in lost sales, Nvidia CEO Jensen Huang is urging the US to let it sell AI chips to China, though he stopped short of directly criticizing President Trump. The Trump administration has been trying to curb China's access to cutting-edge AI chips, so last month it restricted Nvidia from selling its H20 GPUs to the Chinese market. That means "the $50 billion China market is effectively closed to US industry," Huang said in an earnings call. The downgraded H20 GPU was specifically designed to respect US export controls for China. But the White House's crackdown means Nvidia expects to lose $8 billion in revenue during its fiscal second quarter. In Q1, the company also took a $7 billion hit from both a $4.5 billion expense charge and another $2.5 billion loss in revenue over the halted H20 sales. In Wednesday's earnings call, Huang said Nvidia can't downgrade the AI chips further to comply with US export controls, although it's mulling potential alternatives to serve the Chinese market. Even without China, Nvidia still saw huge AI chip demand, with the company's revenue hitting $44.1 billion in fiscal Q1, up 69% from a year ago. Still, Nvidia's CEO used yesterday's earnings call to criticize the US's decision to effectively ban it from selling AI chips to China. "Export controls should strengthen US platforms, not drive half of the world's AI talent [China's AI researchers] to rivals," Huang said, adding: "The question is not whether China will have AI. It already does. The question is whether one of the world's largest AI markets will run on American platforms." His main worry is that US export controls will spur China-based companies to fill the void. "The US has based its policy on the assumption that China cannot make AI chips. That assumption was always questionable, and now it's clearly wrong. China has enormous manufacturing capability," Huang said. However, Nvidia's CEO refrained from criticizing Trump directly. "The president has a plan. He has a vision," Huang said during the call, noting that Nvidia shares Trump's current push to bring more chip manufacturing to the US. Outside of China, the White House has signaled it'll permit advanced AI chips in a wider swath of foreign countries. Earlier this month, the Commerce Department rescinded a Biden-era "AI Diffusion Rule" that curbed chip exports, saying the policy "undermined US diplomatic relations with dozens of countries by downgrading them to second-tier status." In Wednesday's call, Nvidia CEO said it's "really terrific" that the Trump administration rescinded the AI Diffusion rule. "President Trump wants America to win," Huang said. "And he also realizes that we're not the only country in the race. And he wants the United States to win. And recognizes that we have to get the American stack out to the world and have the world build on top of American stacks instead of alternatives."

Nvidia's CEO Is Gambling With a Trade Ultimatum

The chief executive officer of Nvidia Corp., Jensen Huang, fresh off an all-smiles Middle Eastern tour with President Donald Trump, is now ready to test the power of his diplomacy. He used his company's earnings call on Wednesday to send a clear message to the president: It's time to decide whether you're going to help us or China. The call to action was an amplification of Huang's recent remarks about US chip export controls that seek to reduce China's capability to build artificial intelligence. Those curbs meant Nvidia's projection of $45 billion in revenue for the current quarter came with an anticipation of $8 billion in lost sales of its H20 chip. If the current legal framework holds, the company warned, it would not be able to do business in China at all. That's bad for America, Huang said.

Nvidia CEO calls Trump re-industrialisation policies 'visionary'

NORRKOPING, Sweden, May 24 (Reuters) - Nvidia (NVDA.O), opens new tab CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia will provide its latest generation AI data centre platform to a group of Swedish companies, including telecoms gear maker Ericsson (ERICb.ST), opens new tab and drug developer AstraZeneca (AZN.L), opens new tab. Nvidia has announced a number of similar partnerships in recent weeks in Saudi Arabia and the UAE after the Trump administration rescinded a rule put in place by previous President Joe Biden that would have restricted exports of AI chips. Huang, who had earlier called controls "a failure," said President Donald Trump wanted U.S. firms to "win". "American technology companies were very successful in China four years ago, we have lost about 50% of the market share and competitors have grown," he said on Saturday in Norrkoping, where he was due to receive an honorary doctorate from Linkoping University. "The President would like American technology to win with Nvidia and American companies to sell chips all over the world and to generate revenues, tax revenues, invest and build in the United States," he said. The Trump administration has introduced sweeping tariffs saying they would stimulate growth, bring home manufacturing jobs and raise tax revenues. Many businesses and economists, though, have warned tariffs could have the opposite effect and lead to a recession in the United States and a global downturn by pushing up costs, upending supply chains and hurting consumer and business confidence. Huang said many policies related to re-industrialisation were "very visionary". "Manufacturing in the United States, securing our supply chain, having real resilience, redundancy and diversity in our manufacturing supply chain - all of that is excellent," he said. Reporting by Supantha Mukherjee in Norrkoping, Sweden, additional reporting by Simon Johnson Editing by Tomasz Janowski Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Aerospace & Defense Supantha Mukherjee Thomson Reuters Supantha leads the European Technology and Telecoms coverage, with a special focus on emerging technologies such as AI and 5G. He has been a journalist for about 18 years. He joined Reuters in 2006 and has covered a variety of beats ranging from financial sector to technology. He is based in Stockholm, Sweden.

Nvidia discloses more China risks, but CEO praises Trump

SAN FRANCISCO, May 28 (Reuters) - Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the U.S. and China. Tucked into Nvidia's quarterly filing with U.S. securities regulators, Nvidia for the first time said that restrictions on the use of open-source AI models from China such as DeepSeek and Qwen could hurt its business, as could U.S. rules barring connected vehicle technology from China, where Nvidia's long-struggling car chip business has finally flourished. While Nvidia CEO Jensen Huang on a conference call with analysts praised U.S. President Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a "replacement rule may impose new restrictions on our products or operations." On the other hand, Huang criticized new export curbs imposed by the Trump administration in April. The curbs stop the company from selling its H20 chip made for the Chinese market, which Huang called "a springboard to global success." The export limits cost Nvidia $2.5 billion in sales during its just-ended fiscal first quarter, and it expects another $8 billion sales hit during the current fiscal second quarter. Sales of the H20 in China earned Nvidia $4.6 billion in revenue as customers stockpiled the chips before the curbs set in. The China business accounted for 12.5% of overall revenue. "The question is not whether China will have AI - it already does. The question is whether one of the world's largest AI markets will run on American platforms," Huang said, later adding that "AI export controls should strengthen U.S. platforms, not drive half of the world's AI talent to rivals." Huang also argued that keeping Chinese open-source models such as DeepSeek and Qwen running on Nvidia chips provides U.S. firms with valuable insight on where the global AI industry is headed. "U.S. platforms must remain the preferred platform for open-source AI," he said. "That means supporting collaboration with top developers globally, including in China. America wins when models like DeepSeek and Qwen run best on American infrastructure." SALES GROWTH POWERS ON Despite the curbs, Nvidia forecast sales of $45 billion, plus or minus 2%, in the second quarter, only slightly below analysts' average estimate of $45.90 billion, according to data compiled by LSEG. That would imply growth of about 50% from a year earlier. Executives also highlighted deals worth potentially billions of dollars in the coming months and years in Saudi Arabia, the United Arab Emirates and Taiwan, sending Nvidia shares up after hours and leading analysts to conclude the impact of U.S.-China trade tensions was not as bad as feared. "Rather than downplay the China hit, (Huang) contextualized it as a known, manageable speed bump in an otherwise hyper-accelerated growth narrative," said Michael Ashley Schulman, chief investment officer of Running Point Capital. In his praise for Trump, Huang highlighted the President's deal-filled tour of the Middle East. "President Trump wants U.S. tech to lead," Huang said. "The deals he announced are wins for America, creating jobs, advancing infrastructure, generating tax revenue and reducing the U.S. trade deficit." Huang also said that he agreed with a vision expressed by cabinet officials such as Commerce Secretary Howard Lutnick of bringing factories back to the United States and staffing them with robots. "Future plants will be highly computerized in robotics. We share this vision," Huang said. Reporting by Stephen Nellis in San Francisco, Additional reporting by Arsheeya Bajwa in Bengaluru; Editing by Sayantani Ghosh and Sonali Paul Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence

Nvidia CEO Jensen Huang explains why chip exports to China are strategically important

Nvidia CEO Huang on export controls: China market is home to 50% of the world's AI researchers In a Wednesday interview with CNBC's Jim Cramer, Nvidia CEO Jensen Huang explained why he thinks it's necessary to export his company's artificial intelligence technology to China, saying trade with the country is vital if the U.S. wants to be a global leader in AI. "That's probably the most important strategic reason to be in China," Huang said. "Because there are so many developers there and because the world is going to adopt technology from one country or another -- and we prefer it to be the American technology stack." Nvidia posted better-than-expected earnings and revenue Wednesday night, sending shares up in extended trading. While the quarter showed that demand for Nvidia's technology continues to grow, Huang said on the call that President Donald Trump's restrictions on its chips mean that the "$50 billion China market is effectively closed to U.S. industry." Huang told Cramer the regulations will lead to the loss of billions in revenue to Nvidia and tax revenue to the U.S. But more importantly, he emphasized, losing out on the Chinese market has lasting global ramifications for the U.S. Historically, he said, the platform that succeeds is the one that has the most developers -- and China is home to 50% of the world's AI researchers. "We want every developer in the world to prefer the American technology stacks," Huang said. Once that happens, he continued, "American technology stacks will run AI the best all over the world." Huang claimed Nvidia will "keep our dialogue going" with the Trump administration. "We understand the technology best, and we understand how computing works," Huang said. "We understand how AI works, and we've been in China for 30 years, and so this is an area that we have a lot of, a lot of expertise, and we're going to continue to share that."

Op-ed: Don't buy Nvidia CEO Jensen Huang's China 'failure' story

Nvidia CEO Huang on export controls: China market is home to 50% of the world's AI researchers In an interview with CNBC's Jim Cramer on "Mad Money" on Wednesday, Huang said 50% of the world's AI developers are in China and "we want the world to build on America's IT stack. ... that's the most important strategic reason to be in China." But as China continues to race against the U.S. in AI, it should not be done by exploiting the U.S. or with U.S. companies willingly helping it. Furthermore, China is making its own decisions regardless of U.S. export controls to favor its own companies, a goal it had well before the Trump or Biden export controls. This may be inconvenient history, but it is history, nonetheless. China's innovation model is evolving. While foreign technology transfer and joint ventures played early roles, Chinese firms now combine global know-how with massive capital, targeted industrial policy, and relentless domestic competition. China ranks second in global R&D spending and leads in green tech, EVs, and high-speed rail. It extracts what it can from foreign firms, and then moves on. The U.S. must safeguard leading-edge technologies and delay diffusion for as long as possible. This is not a permanent advantage, but it is a necessary one. Look at sectors where the U.S. failed to act -- solar panels, EV batteries, telecom. In each case, China leapfrogged the West and locked in global dominance. But contrast that with aviation, where the U.S. has maintained strict export controls and upheld a high regulatory bar. China's COMAC, although making noteworthy gains, remains far behind Boeing and Airbus in capability, global market access, safety certifications, and production reliability. Where the U.S. held the line, it held its lead. Nvidia's arc in China follows a familiar pattern. Foreign firms are welcomed, dominate temporarily, and are ultimately displaced. We all know the story by now -- Apple, Tesla, Starbucks -- all have faced this trajectory. Huang's claim that U.S. policy ended Nvidia's privileged market position ignores this well-established history. The displacement for Nvidia (like for so many others) was coming either way. And despite his warnings, Nvidia has not suffered a collapse. In 2022, Huang warned that export controls could devastate his company. Since then, Nvidia's stock has increased more than tenfold. In fiscal year 2024, its data center revenue jumped 217% year-over-year, driven by soaring demand across the U.S., Europe, and Gulf States. The company's success has continued -- despite, or perhaps partially because of, the strategic shift in its market exposure. Its latest results showed overall revenue grew by 69% during the quarter, and in its key data center division -- which includes AI chips and related parts -- growth was 73% on an annual basis to $39.1 billion. Huang said in an earnings statement that "global demand" continues to be "incredibly strong" for its AI equipment. The real risk is not that these policies have failed -- they haven't, when judged against their national security goals. The risk is that their momentum could be disrupted by policy discontinuity, political lobbying, or shifting priorities in Washington. We've already seen the Trump administration roll back one key element: the Biden-era AI diffusion rule. That rule, with a tiered structure aimed at controlling the spread of high-performance chips and AI model weights based on risk level, would have required global licensing and compliance from chipmakers like Nvidia. Its rescission -- prompted by commercial and legal concerns -- has raised alarms among national security officials. Other export controls, however, remain firmly in place. Nvidia should be using its success around the world to work hard to compete against China in other markets and stop focusing on its diminishing market share in China, especially after Trump gave the company the gift of repelling the AI diffusion rule. Huang may have intended his remarks to influence the policy debate. Instead, they triggered political reaffirmation. In fact, his comments may go down as his "Jack Ma moment" -- a high-profile critique swiftly followed by a government response that reasserts authority. Just as Ma's critique of Chinese regulators at the Bund Summit preceded the abrupt suspension of Ant Financial's IPO, Huang's criticism on the margins of Computex was quickly answered. Trump advisor Sriram Krishnan said in an interview with Bloomberg, "the guardrails are staying," emphasizing that AI chips "can be used in ways that fundamentally challenge U.S. national security." On Wednesday, before Nvidia had even reported, shares of chip design companies Cadence and Synopsys sank after the Financial Times reported that the White House told them to stop selling to clients in China. U.S. semiconductor policy isn't about one firm's earnings or market access -- it's about protecting America's strategic edge in a high-stakes geopolitical contest. The challenge ahead is not to protect any one company's dominance in China. It's to defend the foundational technologies that define the future of power. Sometimes that means stepping back from markets that were never going to remain open anyway. This is the hard truth of policymaking. Not every decision, few in fact, is about corporate profits. Most are about the safety, security, and long-term stability and strength of the country, and the people who protect it.

Nvidia CEO calls Trump's re-industrialization policies 'visionary'

Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia will provide its latest generation AI data center platform to a group of Swedish companies, including telecoms gear maker Ericsson and drug developer AstraZeneca. Nvidia has announced a number of similar partnerships in recent weeks in Saudi Arabia and the UAE after the Trump administration rescinded a rule put in place by former President Joe Biden that would have restricted exports of AI chips. Huang, who had earlier called controls "a failure," said Trump wanted U.S. firms to "win." "American technology companies were very successful in China four years ago, we have lost about 50% of the market share and competitors have grown," he said on Saturday in Norrkoping, where he was due to receive an honorary doctorate from Linkoping University. "The President would like American technology to win with Nvidia and American companies to sell chips all over the world and to generate revenues, tax revenues, invest and build in the United States," he said. The Trump administration has introduced sweeping tariffs, saying they would stimulate growth, bring home manufacturing jobs and raise tax revenues. Many businesses and economists, though, have warned tariffs could have the opposite effect and lead to a recession in the United States and a global downturn by pushing up costs, upending supply chains and hurting consumer and business confidence. Huang said many policies related to re-industrialization were "very visionary." "Manufacturing in the United States, securing our supply chain, having real resilience, redundancy and diversity in our manufacturing supply chain -- all of that is excellent," he said.

Nvidia's Jensen Huang applauds US trade moves and warns of...

Big quote: In an interview with Bloomberg, Nvidia CEO Jensen Huang made it clear that while the company navigates a complex geopolitical landscape, it remains committed to innovation and ensuring that American technology continues to set the standard worldwide. He highlighted both the opportunities and risks facing US tech leaders - and the pivotal role that government policy will play in shaping the industry's future. "Irrespective of the near-term revenue success we have had, we can't ignore the fact that the Chinese market is very important," Huang said. Huang was candid about the company's position amid shifting US trade policies and intensifying global competition in artificial intelligence. Huang, whose remarks came on the heels of Nvidia's earnings call, was asked about the influence of US policy on the company's recent financial success. While he acknowledged the challenges presented by export restrictions, he reserved his most enthusiastic comments for two key initiatives associated with the current US administration. "The idea of tariffs being a pillar of a bold vision to re-industrialize to onshore manufacturing and motivate the world to invest in the United States is just an incredible vision," Huang told Bloomberg. He described the strategy as "utterly visionary," emphasizing its potential to transform the American economy for decades to come. "We're all in on the idea. We're setting up plants and encouraging our partners from around the world to invest in the United States, and we have a lot of stuff going on, and so I'm very excited about that," he said. Huang also praised the decision to rescind the so-called AI Diffusion Rule, which had previously limited the export of advanced AI technologies. "This isn't about limiting American technology, but this is about accelerating American stacks around the world to make sure that, before it's too late, the world builds on American stacks during this extraordinary time, the AI era," he explained. "These two initiatives are completely visionary, and it's going to be transformative for America." Despite these endorsements, Huang did not shy away from addressing the difficulties Nvidia faces in the Chinese market as a result of US export controls. The company, which once counted China as its largest chip market, expects to lose approximately $8 billion in sales this quarter alone due to the restrictions. "We have a whole bunch of engines firing right now," Huang said, pointing to Nvidia's diversified customer base and strong performance of its latest Blackwell chip, which he called "a home run." Yet, the loss of access to China has had significant consequences. Huang noted that the country is home to "maybe 50 percent of the world's AI researchers," and that US policy has prompted many developers to pivot to domestic alternatives such as Huawei. "That's an unfortunate part of changing policy," he said, expressing hope that American technology could regain its foothold in the future. Huang warned that Chinese competitors are rapidly closing the technological gap. "The Chinese competitors have evolved," he said, singling out Huawei as "quite formidable." He pointed out that Huawei's newest AI chip now rivals the performance of Nvidia's H200, which was state-of-the-art until recently. Under current regulations, Nvidia is unable to ship even its downgraded H20 chip to China. "It's not possible to degrade the product's capabilities further," Huang said, adding that any new product for the Chinese market would require US government approval. The interview also touched on the impact of US visa restrictions on Chinese students. Huang, who immigrated to the United States from Taiwan, underscored the importance of attracting global talent. "I believe the administration still feels very strongly about the incredible importance of immigration," he said. "We would like the brightest to come here." Permalink to story:

Nvidia's Jensen Huang applauds US trade moves and warns of China's AI advances

Big quote: In an interview with Bloomberg, Nvidia CEO Jensen Huang made it clear that while the company navigates a complex geopolitical landscape, it remains committed to innovation and ensuring that American technology continues to set the standard worldwide. He highlighted both the opportunities and risks facing US tech leaders - and the pivotal role that government policy will play in shaping the industry's future. "Irrespective of the near-term revenue success we have had, we can't ignore the fact that the Chinese market is very important," Huang said. Huang was candid about the company's position amid shifting US trade policies and intensifying global competition in artificial intelligence. Huang, whose remarks came on the heels of Nvidia's earnings call, was asked about the influence of US policy on the company's recent financial success. While he acknowledged the challenges presented by export restrictions, he reserved his most enthusiastic comments for two key initiatives associated with the current US administration. "The idea of tariffs being a pillar of a bold vision to re-industrialize to onshore manufacturing and motivate the world to invest in the United States is just an incredible vision," Huang told Bloomberg. He described the strategy as "utterly visionary," emphasizing its potential to transform the American economy for decades to come. "We're all in on the idea. We're setting up plants and encouraging our partners from around the world to invest in the United States, and we have a lot of stuff going on, and so I'm very excited about that," he said. Huang also praised the decision to rescind the so-called AI Diffusion Rule, which had previously limited the export of advanced AI technologies. "This isn't about limiting American technology, but this is about accelerating American stacks around the world to make sure that, before it's too late, the world builds on American stacks during this extraordinary time, the AI era," he explained. "These two initiatives are completely visionary, and it's going to be transformative for America." Despite these endorsements, Huang did not shy away from addressing the difficulties Nvidia faces in the Chinese market as a result of US export controls. The company, which once counted China as its largest chip market, expects to lose approximately $8 billion in sales this quarter alone due to the restrictions. "We have a whole bunch of engines firing right now," Huang said, pointing to Nvidia's diversified customer base and strong performance of its latest Blackwell chip, which he called "a home run." Yet, the loss of access to China has had significant consequences. Huang noted that the country is home to "maybe 50 percent of the world's AI researchers," and that US policy has prompted many developers to pivot to domestic alternatives such as Huawei. "That's an unfortunate part of changing policy," he said, expressing hope that American technology could regain its foothold in the future. Huang warned that Chinese competitors are rapidly closing the technological gap. "The Chinese competitors have evolved," he said, singling out Huawei as "quite formidable." He pointed out that Huawei's newest AI chip now rivals the performance of Nvidia's H200, which was state-of-the-art until recently. Under current regulations, Nvidia is unable to ship even its downgraded H20 chip to China. "It's not possible to degrade the product's capabilities further," Huang said, adding that any new product for the Chinese market would require US government approval. The interview also touched on the impact of US visa restrictions on Chinese students. Huang, who immigrated to the United States from Taiwan, underscored the importance of attracting global talent. "I believe the administration still feels very strongly about the incredible importance of immigration," he said. "We would like the brightest to come here."

Nvidia CEO takes a shot at U.S. policy cutting off AI chip sales to China

Nvidia CEO Jensen Huang tiptoed into politics with a comment taking a shot at the U.S. policy that has cut off sales of his chips to China. That was because Nvidia had to take a $4.5 billion charge against its Q1 earnings because the company had to immediately cease selling H20 AI chips to China in April. U.S. President Donald Trump imposed the restrictions as part of the trade war over tariffs with China and other countries. "Let me share my perspective on some topics we're frequently asked on export control. China is one of the world's largest AI markets and a springboard to global success with half of the world's AI researchers based there," Huang said. "The platform that wins China is positioned to lead globally today. However, the $50 billion China market is effectively closed to U.S. industry. The H20 export ban ended our Hopper data center business in China. We cannot produce Hopper further to comply. As a result, we are taking a multibillion-dollar write-off on inventory that cannot be sold or repurposed. We are exploring limited ways to compete, but hopper is no longer an option." Huang said that, with or without U.S. chips, China has to compute to train and deploy advanced models. "The question is not whether China will have it. It already does," he said. "The question is whether one of the world's largest AI markets will run on American platforms. Shielding Chinese chip makers from U.S. competition only strengthens them abroad and weakens America's position." He added, "Export restrictions have spurred China's" competitiveness. He said, "The race is not just about chips. It's about which stack the world runs as that stack grows. Global infrastructure leadership is at stake. The U.S. has based its policy on the assumption that China cannot make any chips. That assumption was always questionable, and now it's very wrong. China has enormous manufacturing capability. In the end, the platform that wins the AI developers wins AI. AI export controls should strengthen U.S. platforms, not drive half the world's AI talent" to other shores. While Huang was critical of policy changes, he also said, "It's really terrific to see the AI diffusion rule was rescinded. President Trump wants America to win and realizes we are not the only country in the race. And he realizes we have to get the American stack out to the world." Huang was referencing the Biden-era AI Diffusion Rule, which was rescinded in May 2025, just before it was set to take effect. Biden's administration aimed to place export controls on AI model weights and advanced computing integrated circuits (ICs), potentially restricting the global diffusion of AI technology. But the Trump administration argued that the rule would stifle American AI innovation. The rescission of the AI Diffusion Rule could potentially benefit countries like Saudi Arabia and U.S. AI companies by easing restrictions on AI technology exports. However, the Trump administration indicated they would pursue a strategy to promote American AI technology with trusted allies, while still aiming to block access to adversaries. Huang said, "The president has a plan. He has a vision. And I trust him." But he added, "The new limits are the end of the road for Hopper."

"We're all in" - Nvidia CEO Jensen Huang praises "utterly visionary" Trump tariffs

Huang also praises AI diffusion rule rescindment, saying it will help accelerate US tech across the world The CEO of Nvidia has praised the tariffs recently imposed by US President Donald Trump on nations around the world, calling them "utterly visionary". Speaking to Bloomberg following Nvidia's recent quarterly results, Jensen Huang was effusive with his backing for the tariffs, and for Trump personally. Nvidia had revealed record quarterly revenues of around $44 billion, so it is perhaps unsurprising Huang was keen to stay on good terms with the President, and stay the right side of potential tariff changes in the near future. "Obviously, I don't know all of his ideas, but let me tell you about two that are incredible," Huang said. "The first one is utterly visionary. The idea of tariffs being a pillar of a bold vision to re-industrialize to onshore manufacturing and motivate the world to invest in the United States is just an incredible vision. I think this is going to be a transformative idea for the next century for us." "We're all in on the idea," he declared. "We're setting up plants and encouraging our partners from around the world to invest in the United States, and we have a lot of stuff going on, and so I'm very excited about that." "The second major idea," Huang went on, "is to rescind the AI diffusion role, recognizing that this isn't about limiting American technology, but this is about accelerating American stacks around the world to make sure that, before it's too late that the world builds on American stacks during this extraordinary time, the AI era." "These two initiatives are completely visionary, and it's going to be transformative for America." Huang's comments come a day after HP CEO Enrique Lores revealed his company would be raising prices in order to deal with rising costs incurred by tariffs. Lores noted the company would be forced it to take what he called "price actions", effectively increases across PC and printing hardware, as well as no longer using the US as a distribution hub for products sold in Canada or to Latin America. Huang himself has frequently looked to extol the virtues of the new AI-powered society, where Nvidia has a critical role in powering the new systems. Speaking at the recent Dell Technology World 2025 event, Huang called the current technology landscape, "a once in a lifetime opportunity - in the last 60 years, this is the biggest reinvention that you and I have seen." "This is incredibly exciting technology - you want to engage it. The impact to your company is incredible - and you want to be an early adopter." "This is the beginning of a decade of transformation. But you don't want to be second - this is the time, and you want to be first."

Nvidia's Huang lashes Trump's China AI ban but spells out chip boom

Gift 5 articles to anyone you choose each month when you subscribe. Nvidia chief executive Jensen Huang has warned the Trump administration's restrictions on the sale of computing chips in China could help Beijing win the artificial intelligence arms race, even as the Silicon Valley giant unveiled strong projections for the growth in use. Shares in the chipmaker, which has grown into one of the world's largest companies as demand for its products that have underpinned AI processing soars, jumped almost 6 per cent in aftermarket trading as the company allayed any fears about a slowdown in revenue growth.

AI China Curbs Weaken America's Position, Nvidia CEO Jensen Huang Says

Kara Greenberg is a senior news editor for Investopedia, where she does work coordinating, writing, assigning, and publishing multiple daily and weekly newsletters. Prior to joining Investopedia, Kara was a researcher and editor at The Wire. Earlier in her career, she worked in financial compliance and due diligence at Loomis, Sayles & Company, and The Bank of New York Mellon. Trump-administration policy that restricts the sale of Nvidia products to China "weakens America's position," CEO Jensen Huang said Wednesday. Huang's comments came during a conference call after chip giant Nvidia (NVDA) reported its latest financial results -- which included a multibillion dollar hit to revenue and a ding to earnings associated with export curbs on the company's H20 chips to China. (Read Investopedia's live coverage of Nvidia's results here.) They follow a mid-May trade truce of sorts between Trump and China, which have put on hold steep tariffs on each other's imports while the countries seek a trade deal. Instead of limiting Chinese AI capabilities, Huang said, the curbs have "spurred China's innovation and scale." "The question is not whether China will have AI -- it already does," Huang said. "The question is whether one of the world's largest AI markets will run on American platforms. Shielding Chinese chipmakers from U.S. competition only strengthens them abroad and weakens America's position." Policy assumptions that China can't make its own AI chips are "clearly wrong," said Huang. The CEO also called it "terrific" that Trump rescinded the Biden administration's AI diffusion rule, which would've put additional restrictions the export of AI chips to countries that aren't U.S. allies. The Trump administration has said it's looking to replace the rules, and analysts have warned that new ones could be stricter than Biden's. "President Trump wants America to win, and he also realizes that that we're not the only country in the race," Huang said Wednesday. The conference call followed news that the administration told companies that make software used to design semiconductors to stop selling to Chinese companies. That news hit shares of companies in that sector during Wednesday's session.

Nvidia CEO calls Trump re-industrialisation policies 'visionary'

Nvidia CEO Jensen Huang praised Donald Trump's tech policies as Nvidia partnered with Swedish firms, including Ericsson and AstraZeneca, to develop AI infrastructure. Huang welcomed relaxed AI chip export rules and supported re-industrialisation efforts, though critics warn Trump's tariffs may raise costs and risk recession. Huang called the policies "visionary."Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia will provide its latest generation AI data centre platform to a group of Swedish companies, including telecoms gear maker Ericsson and drug developer AstraZeneca. Nvidia has announced a number of similar partnerships in recent weeks in Saudi Arabia and the UAE after the Trump administration rescinded a rule put in place by previous President Joe Biden that would have restricted exports of AI chips. Huang, who had earlier called controls "a failure," said President Donald Trump wanted U.S. firms to "win". "American technology companies were very successful in China four years ago, we have lost about 50% of the market share and competitors have grown," he said on Saturday in Norrkoping, where he was due to receive an honorary doctorate from Linkoping University. "The President would like American technology to win with Nvidia and American companies to sell chips all over the world and to generate revenues, tax revenues, invest and build in the United States," he said. The Trump administration has introduced sweeping tariffs saying they would stimulate growth, bring home manufacturing jobs and raise tax revenues. Many businesses and economists, though, have warned tariffs could have the opposite effect and lead to a recession in the United States and a global downturn by pushing up costs, upending supply chains and hurting consumer and business confidence. Huang said many policies related to re-industrialisation were "very visionary". "Manufacturing in the United States, securing our supply chain, having real resilience, redundancy and diversity in our manufacturing supply chain - all of that is excellent," he said.

Nvidia discloses more China risks, but CEO Huang praises Trump

Nvidia's sales surged by 69%, but the company cautioned about escalating US-China tech tensions. Restrictions on Chinese AI models and connected vehicle tech could hinder growth. Despite export curbs costing billions, Nvidia anticipates strong sales, driven by deals in Saudi Arabia, the UAE, and Taiwan.Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the US and China. Tucked into Nvidia's quarterly filing with US securities regulators, Nvidia for the first time said that restrictions on the use of open-source AI models from China such as DeepSeek and Qwen could hurt its business, as could US rules barring connected vehicle technology from China, where Nvidia's long-struggling car chip business has finally flourished. While Nvidia CEO Jensen Huang on a conference call with analysts praised US President Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a "replacement rule may impose new restrictions on our products or operations." On the other hand, Huang criticised new export curbs imposed by the Trump administration in April. The curbs stop the company from selling its H20 chip made for the Chinese market, which Huang called "a springboard to global success." The export limits cost Nvidia $2.5 billion in sales during its just-ended fiscal first quarter, and it expects another $8 billion sales hit during the current fiscal second quarter. Sales of the H20 in China earned Nvidia $4.6 billion in revenue as customers stockpiled the chips before the curbs set in. The China business accounted for 12.5% of overall revenue. "The question is not whether China will have AI -- it already does. The question is whether one of the world's largest AI markets will run on American platforms," Huang said, later adding that "AI export controls should strengthen US platforms, not drive half of the world's AI talent to rivals." Huang also argued that keeping Chinese open-source models such as DeepSeek and Qwen running on Nvidia chips provides US firms with valuable insight on where the global AI industry is headed. "US platforms must remain the preferred platform for open-source AI," he said. "That means supporting collaboration with top developers globally, including in China. America wins when models like DeepSeek and Qwen run best on American infrastructure." Sales growth powers on Nvidia shares rose 5.6% before the bell on Thursday, leading a rally in chip stocks, as news that a US trade court blocked most of President Donald Trump's proposed tariffs also lifted investor sentiment. The company will add around $150 billion to its market value of about $3.289 trillion, if the gains hold. Despite the China export curbs, Nvidia forecast sales of $45 billion, plus or minus 2%, in the second quarter, only slightly below analysts' average estimate of $45.90 billion, according to data compiled by LSEG. That would imply growth of about 50% from a year earlier. Executives also highlighted deals worth potentially billions of dollars in the coming months and years in Saudi Arabia, the United Arab Emirates and Taiwan, leading analysts to conclude the impact of US-China trade tensions was not as bad as feared. "Rather than downplay the China hit, (Huang) contextualised it as a known, manageable speed bump in an otherwise hyper-accelerated growth narrative," said Michael Ashley Schulman, chief investment officer of Running Point Capital. In his praise for Trump, Huang highlighted the President's deal-filled tour of the Middle East. "President Trump wants US tech to lead," Huang said. "The deals he announced are wins for America, creating jobs, advancing infrastructure, generating tax revenue and reducing the US trade deficit." Huang also said that he agreed with a vision expressed by cabinet officials such as Commerce Secretary Howard Lutnick of bringing factories back to the United States and staffing them with robots. "Future plants will be highly computerised in robotics. We share this vision," Huang said.

Donald Trump's policies are bad -- then good? Nvidia CEO Jensen Huang flip-flops within minutes after Q1 results

Nvidia CEO Jensen Huang faces a complex situation, grappling with a $4.5 billion loss due to US export controls impacting AI chip sales to China. While criticizing the policy's effectiveness, he also praised Donald Trump's vision for reshoring manufacturing and strengthening national security. Being the CEO of a major tech company is never simple, but navigating geopolitics while juggling billions in lost revenue makes it even trickier, as seen on Wednesday, when Nvidia CEO Jensen Huang spoke to analysts and investors on the company's earnings call, as per a report. On Nvidia's earnings call following its first-quarter results, Huang didn't hold back when addressing the company's latest financial blow, a $4.5 billion inventory hit tied to new US export controls, according to Fortune. The policy, introduced by the Trump administration, blocks Nvidia from selling its advanced H20 AI chips to China, as per the report. While Huang did not mention US president Donald Trump by name when voicing concern, but just referred to US policy as he said, "The U.S. has based its policy on the assumption that China cannot make AI chips. That assumption was always questionable, and now it's clearly wrong," quoted Fortune. He also highlighted that, "Export controls should strengthen U.S. platforms, not drive half of the world's AI talent to rivals," as quoted in the report. According to the AI chipmaker, the new rules will cost Nvidia $10.5 billion in revenue during the first half of the year, as per Fortune. ALSO READ: Only Selena Gomez? Another celebrity joins the billionaire club as 28-year-old Hailey Bieber strikes $1 billion Rhode deal However, when the CEO did mention Trump, it was to praise him, as he said, "President Trump has outlined a bold vision to reshore advanced manufacturing, create jobs, and strengthen national security," and also added that he was "honoured" to join the US president in the US-United Arab Emirates AI investment projects that include expanding to Nvidia chips, reported Fortune. Huang also said that Trump "wants the United States to win and recognizes that we have to get the American stack out to the world, and get the world to build on the American stack instead of alternatives," quoted Fortune. Why did Nvidia take a $4.5 billion hit? The loss comes from unsold inventory due to new US export controls that block Nvidia from selling AI chips to China. Did Jensen Huang criticize Donald Trump directly? No, he avoided naming Trump while criticizing the policy, referring only to "US policy."

Nvidia discloses more China risks, but CEO praises Trump

While Nvidia CEO Jensen Huang on a conference call with analysts praised US president Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a "replacement rule may impose new restrictions on our products or operations."Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the U.S. and China. Tucked into Nvidia's quarterly filing with U.S. securities regulators, Nvidia for the first time said that restrictions on the use of open-source AI models from China such as DeepSeek and Qwen could hurt its business, as could U.S. rules barring connected vehicle technology from China, where Nvidia's long-struggling car chip business has finally flourished. While Nvidia CEO Jensen Huang on a conference call with analysts praised US president Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a "replacement rule may impose new restrictions on our products or operations." On the other hand, Huang criticized new export curbs imposed by the Trump administration in April. The curbs stop the company from selling its H20 chip made for the Chinese market, which Huang called "a springboard to global success." The export limits cost Nvidia $2.5 billion in sales during its just-ended fiscal first quarter, and it expects another $8 billion sales hit during the current fiscal second quarter. Sales of the H20 in China earned Nvidia $4.6 billion in revenue as customers stockpiled the chips before the curbs set in. The China business accounted for 12.5% of overall revenue. "The question is not whether China will have AI - it already does. The question is whether one of the world's largest AI markets will run on American platforms," Huang said, later adding that "AI export controls should strengthen U.S. platforms, not drive half of the world's AI talent to rivals." Huang also argued that keeping Chinese open-source models such as DeepSeek and Qwen running on Nvidia chips provides U.S. firms with valuable insight on where the global AI industry is headed. "U.S. platforms must remain the preferred platform for open-source AI," he said. "That means supporting collaboration with top developers globally, including in China. America wins when models like DeepSeek and Qwen run best on American infrastructure." Sales growth powers on Despite the curbs, Nvidia forecast sales of $45 billion, plus or minus 2%, in the second quarter, only slightly below analysts' average estimate of $45.90 billion, according to data compiled by LSEG. That would imply growth of about 50% from a year earlier. Executives also highlighted deals worth potentially billions of dollars in the coming months and years in Saudi Arabia, the United Arab Emirates and Taiwan, sending Nvidia shares up after hours and leading analysts to conclude the impact of U.S.-China trade tensions was not as bad as feared. "Rather than downplay the China hit, (Huang) contextualized it as a known, manageable speed bump in an otherwise hyper-accelerated growth narrative," said Michael Ashley Schulman, chief investment officer of Running Point Capital. In his praise for Trump, Huang highlighted the President's deal-filled tour of the Middle East. "President Trump wants U.S. tech to lead," Huang said. "The deals he announced are wins for America, creating jobs, advancing infrastructure, generating tax revenue and reducing the U.S. trade deficit." Huang also said that he agreed with a vision expressed by cabinet officials such as Commerce Secretary Howard Lutnick of bringing factories back to the United States and staffing them with robots. "Future plants will be highly computerized in robotics. We share this vision," Huang said.

Nvidia CEO Jensen Huang Decries US Export Curbs But Says He Trusts Trump

During Nvidia's first-quarter earnings call, Jensen Huang commented on the Trump administration's impact on his company, including a new US export restriction that caused a multibillion-dollar write-off: 'The president has a plan. He has a vision. And I trust him.' Nvidia CEO Jensen Huang on Wednesday decried the Trump administration's new restriction on the export of its H20 GPUs to China but said he trusts the president's "vision" and praised the U.S. leader for boosting domestic manufacturing. Huang made the remarks during Nvidia's first-quarter earnings call, where the company reported that ongoing demand for its Blackwell computing products helped it grow revenue by nearly 70 percent year over year in the first quarter, offsetting a multibillion-dollar hit that was caused by the White House's export restrictions against the H20. [Related: Nvidia Makes Big AI Enterprise Push With New RTX Pro Servers, OEM Partnerships] Nvidia's stock price was up more than 4 percent in after-hours trading. "The president has a plan. He has a vision. And I trust him," Huang said in response to an analyst questioning whether Trump's desire to have the United States win in the AI infrastructure market will allow Nvidia to ship an alternative to the H20 into China. As a result of the U.S. export restriction implemented against the H20 last month, Nvidia said it "incurred a $4.5 billion charge in the first quarter of fiscal 2026 associated with H20 excess inventory and purchase obligations as the demand for H20 diminished." The company added that H20 sales in the first quarter were $4.5 billion and that it was "unable to ship an additional $2.5 billion of H20 revenue" for the period. The export restriction also resulted in a loss of $8 billion in H20 sales for the second quarter, according to Nvidia. On the call, Nvidia CFO Colette Kress noted that the company sold the H20 "with the approval of the previous administration." The product was originally designed for Chinese customers by complying with export restrictions set by President Biden's administration. "Although our H20 has been in the market for over a year and does not have a market outside of China, the new export controls on H20 did not provide a grace period to allow us to sell through our inventory," she said. Expanding on remarks Collette made, Huang said Nvidia has "limited options" with respect to introducing a new AI chip product that complies with U.S. export rules. "Obviously, the limits are quite stringent at the moment, and we have nothing to announce today, and when the time comes, we'll engage the administration and discuss that," he said. At the beginning of his remarks, Huang expanded on his comments from last week where he reportedly called U.S. export controls on AI chips to China a "failure," calling the country "one of the world's largest AI markets and a springboard to global success, with half of the world's AI researchers based there." "The platform that wins China is positioned to lead globally today. However, the $50 billion China market is effectively closed to us," he said. However, Huang also took time to praise Trump for the president's "bold vision to reshore advanced manufacturing, create jobs and strengthen national security," noting the investment Nvidia is making with partners to build U.S. manufacturing capacity. "We've made substantial, long-term purchase commitments, a deep investment in America's AI manufacturing future," he said. The CEO lauded Trump too for rescinding the AI diffusion rule implemented by former President Biden that would have introduced new restrictions and requirements for AI chips being exported into many countries across the world. "President Trump wants America to win, and he also realizes that that we're not the only country in the race. And he wants [the] United States to win and recognizes that we have to get the American [AI computing] stack out to the world and have the world build on top of American stacks instead of alternatives," he said. Nvidia made $44.1 billion in revenue in the first quarter of the company's 2026 fiscal year, which ended April 27. Exceeding Wall Street's average estimate by roughly $800 million, this was up 12 percent sequentially and up 69 percent from the same period last year. However, the company's earnings per share for the quarter were 81 cents, missing Wall Street's expectations by roughly 12 cents. And its gross margin dived 12.5 points sequentially and 17.9 points year over year to 61 percent. The company said it expects second-quarter revenue to be roughly $45 billion, which would amount to an approximately 2 percent increase sequentially and a 50 percent year-over-year increase. It expects gross margins to bounce back to 72 percent for the period. Nvidia's data center segment delivered nearly 90 percent of its first quarter revenue, thanks to the company growing revenue 10 percent sequentially and 73 percent year over year to $39 million for the category. Some 87 percent of the company's data center revenue came from compute products, with Blackwell-based products such as the Grace Blackwell Superchip that goes inside the GB200 NVL72 rack-scale platform helped driving a 5 percent sequentially and a 76 percent year-over-year increase for the sub-category. The rest of Nvidia's data center revenue came from networking products, which grew in sales by 64 percent sequentially and 56 percent year over year. The company attributed this sequential increase to the growth of the NVLink compute fabric underpinning its GB200 systems as well as Ethernet for AI solutions. Nvidia's gaming revenue grew 48 percent sequentially and 42 percent year over year to $3.7 billion, which the company called a record, thanks to sales of its Blackwell-based GPUs. As for its other segments, professional visualization revenue grew 19 percent year over year but was roughly the same as the previous quarter at $509 million. Automotive revenue declined 1 percent sequentially but grew 72 percent year over year to $576 million. The OEM and other segment declined 12 percent sequentially but grew 42 percent year over year to $111 million.

Nvidia CEO calls Trump re-industrialisation policies 'visionary'

NORRKOPING, Sweden (Reuters) -Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia will provide its latest generation AI data centre platform to a group of Swedish companies, including telecoms gear maker Ericsson and drug developer AstraZeneca. Nvidia has announced a number of similar partnerships in recent weeks in Saudi Arabia and the UAE after the Trump administration rescinded a rule put in place by previous President Joe Biden that would have restricted exports of AI chips. Huang, who had earlier called controls "a failure," said President Donald Trump wanted U.S. firms to "win". "American technology companies were very successful in China four years ago, we have lost about 50% of the market share and competitors have grown," he said on Saturday in Norrkoping, where he was due to receive an honorary doctorate from Linkoping University. "The President would like American technology to win with Nvidia and American companies to sell chips all over the world and to generate revenues, tax revenues, invest and build in the United States," he said. The Trump administration has introduced sweeping tariffs saying they would stimulate growth, bring home manufacturing jobs and raise tax revenues. Many businesses and economists, though, have warned tariffs could have the opposite effect and lead to a recession in the United States and a global downturn by pushing up costs, upending supply chains and hurting consumer and business confidence. Huang said many policies related to re-industrialisation were "very visionary". "Manufacturing in the United States, securing our supply chain, having real resilience, redundancy and diversity in our manufacturing supply chain - all of that is excellent," he said. (Reporting by Supantha Mukherjee in Norrkoping, Sweden, additional reporting by Simon JohnsonEditing by Tomasz Janowski)

Nvidia discloses more China risks, but CEO praises Trump

SAN FRANCISCO (Reuters) -Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the U.S. and China. Tucked into Nvidia's quarterly filing with U.S. securities regulators, Nvidia for the first time said that restrictions on the use of open-source AI models from China such as DeepSeek and Qwen could hurt its business, as could U.S. rules barring connected vehicle technology from China, where Nvidia's long-struggling car chip business has finally flourished. While Nvidia CEO Jensen Huang on a conference call with analysts praised U.S. President Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a "replacement rule may impose new restrictions on our products or operations." On the other hand, Huang criticized new export curbs imposed by the Trump administration in April. The curbs stop the company from selling its H20 chip made for the Chinese market, which Huang called "a springboard to global success." The export limits cost Nvidia $2.5 billion in sales during its just-ended fiscal first quarter, and it expects another $8 billion sales hit during the current fiscal second quarter. Sales of the H20 in China earned Nvidia $4.6 billion in revenue as customers stockpiled the chips before the curbs set in. The China business accounted for 12.5% of overall revenue. "The question is not whether China will have AI - it already does. The question is whether one of the world's largest AI markets will run on American platforms," Huang said, later adding that "AI export controls should strengthen U.S. platforms, not drive half of the world's AI talent to rivals." Huang also argued that keeping Chinese open-source models such as DeepSeek and Qwen running on Nvidia chips provides U.S. firms with valuable insight on where the global AI industry is headed. "U.S. platforms must remain the preferred platform for open-source AI," he said. "That means supporting collaboration with top developers globally, including in China. America wins when models like DeepSeek and Qwen run best on American infrastructure." SALES GROWTH POWERS ON Despite the curbs, Nvidia forecast sales of $45 billion, plus or minus 2%, in the second quarter, only slightly below analysts' average estimate of $45.90 billion, according to data compiled by LSEG. That would imply growth of about 50% from a year earlier. Executives also highlighted deals worth potentially billions of dollars in the coming months and years in Saudi Arabia, the United Arab Emirates and Taiwan, sending Nvidia shares up after hours and leading analysts to conclude the impact of U.S.-China trade tensions was not as bad as feared. "Rather than downplay the China hit, (Huang) contextualized it as a known, manageable speed bump in an otherwise hyper-accelerated growth narrative," said Michael Ashley Schulman, chief investment officer of Running Point Capital. In his praise for Trump, Huang highlighted the President's deal-filled tour of the Middle East. "President Trump wants U.S. tech to lead," Huang said. "The deals he announced are wins for America, creating jobs, advancing infrastructure, generating tax revenue and reducing the U.S. trade deficit." Huang also said that he agreed with a vision expressed by cabinet officials such as Commerce Secretary Howard Lutnick of bringing factories back to the United States and staffing them with robots. "Future plants will be highly computerized in robotics. We share this vision," Huang said. (Reporting by Stephen Nellis in San Francisco, Additional reporting by Arsheeya Bajwa in Bengaluru; Editing by Sayantani Ghosh and Sonali Paul)