Jensen says Nvidia now has 'zero percent' market share in China — says US export policy 'has already largely backfired'

Nvidia CEO Jensen Huang revealed that the company's market share of AI accelerators in China has plummeted to 0%, a significant decline from its dominant position just two years ago. Huang criticized U.S. export policies for backfiring, leading to Nvidia's loss in the Chinese market. He emphasized the importance of American companies maintaining a presence in China to extend the global reach of American AI technology. Despite China's advancements in AI research and development, Huang cautioned against fear-driven narratives and export controls that could impede AI deployment worldwide.