Nvidia Corp (NASDAQ:NVDA, ETR:NVD) CEO Jensen Huang flew into Beijing on Thursday, days after the US tightened export rules on its H20 AI chips, cutting off a key product line to China.
The company warned it could lose $5.5 billion in sales this quarter due to the new restrictions, which limit exports of high-bandwidth GPUs. S
hares fell around 7% on Wednesday following the announcement.
In a meeting with Chinese trade officials, Huang described China as a vital market and expressed hope for continued cooperation.
Nvidia earned $17 billion in China last year, around 13% of its global revenue.
As US-China trade tensions escalate, with tariffs as high as 245%, Nvidia is seeking to balance compliance with US rules while maintaining its AI business in China.