Jensen Huang says Nvidia’s China market share has dropped to zero amid export crackdown

Nvidia (NASDAQ:NVDA) CEO Jensen Huang revealed that the company’s once-dominant market share in China has effectively evaporated, falling from over 90% to zero.

Speaking during an interview on The Special Competitive Studies Project’s Memos to the President on April 30, Huang highlighted the stark impact of escalating U.S. trade restrictions on high-performance semiconductors.

The collapse in market share follows a series of fluctuating export policies from Washington.

While President Trump recently indicated a willingness to allow shipments of Nvidia’s advanced H200 chips, Commerce Secretary Howard Lutnick confirmed that no such hardware has yet been delivered to the region.

The regulatory uncertainty has left Nvidia unable to generate revenue in one of its historically largest markets.

Huang argued that the strategy of cutting off Chinese access to U.S. silicon has reached a point of diminishing returns.

While skeptics of Chinese sales argue that high-powered chips bolster the country’s military AI capabilities, Huang contends that total exclusion serves as a powerful incentive for China to achieve technological self-sufficiency.

The financial fallout is significant.

In its most recent fiscal year, Nvidia reported revenue from China, including Hong Kong, totaling $19.67 billion.

However, the company has issued a stark forecast for the first quarter of 2026, anticipating zero revenue from the region.