Nvidia Will Exclude China from Revenue and Profit Forecast

Nvidia CEO Jensen Wang announced the company will exclude China from its revenue and profit forecasts due to strict U.S. export restrictions.

Transcript

00:00NVIDIA CEO Jensen Wang announced the company will exclude China from its revenue and profit

00:05forecasts due to strict U.S. export restrictions on AI chips.

00:09The CEO stated that while any easing of those controls would be a bonus, the company is

00:14not counting on it.

00:15The restrictions have already cost NVIDIA $2.5 billion in lost revenue, despite the company's

00:21strong overall performance.

00:23Jensen Wang reiterated his criticism of the U.S. curbs, which aimed to limit China's access

00:28to advanced U.S. chip technologies.