While Nvidia's China revenue has declined, the company has maintained strong overall performance, reporting a 78% year-over-year revenue increase to $39.3 billion. Nvidia experienced a temporary market cap drop following the release of Chinese AI startup DeepSeek's R1 reasoning model, but it has since recovered, with its valuation reaching $3.22 trillion. Huang remains uncertain about the effectiveness of export controls as a national security measure, emphasizing that software development will adapt to various systems.
Key takeaways:
- The US imposed export controls on high-end chips to China in 2022, impacting Nvidia's revenue from China.
- Nvidia CEO Jensen Huang expressed uncertainty about the effectiveness of these export controls as national security measures.
- Despite the export restrictions, Nvidia reported a strong quarter with a 78% year-over-year revenue increase to $39.3 billion.
- Nvidia's market cap experienced a brief drop after DeepSeek's R1 model release but has since recovered to a valuation of $3.22 trillion.