Nvidia Struggles in China: US Easing Restrictions Fails to Boost Sales

• Nvidia has not recovered lost sales in China despite the US easing some export restrictions.
• CFO Colette M. Kress stated no revenue generated from limited H200 chip shipments to China, citing import uncertainty.
• China previously accounted for over 20% of Nvidia's data center revenue, a critical market.
• New US rules in April halted sales of the China-specific H20 chip, and a December policy shift allowing H200 shipments with a 25% US government cut hasn't revived sales.
• Nvidia warns of rising competition from Chinese AI chipmakers, who could reshape the global AI industry with cheaper alternatives.