Nvidia Is Back on Track in China. Here’s What You Need to Know.
In recent developments, one significant challenge has arisen for this market leader: a challenge causing it billions in losses during the most recent quarter. This issue stems from the halt in its exports to China due to U.S. restrictions on advanced AI chips. Consequently, Nvidia had to account for these unsold chips, which made up 13% of its total sales last year, and risks losing this market entirely.