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00:02NVIDIA CEO Jensen Huang said the company has largely conceded China's AI chip market to
00:08Huawei as U.S. export restrictions continue to reshape the global semiconductor landscape,
00:14according to CNBC. Huang told CNBC that Huawei had a record year, is poised for another strong
00:20year. The Chinese market once made up at least one-fifth of NVIDIA's data center revenue,
00:26but the Trump administration required the company to obtain a license
00:30to export chips to China. Huang said NVIDIA has told investors to expect nothing on approvals
00:36for advanced chip sales there, though he said the company would welcome a return if conditions change.
00:41The CEO said NVIDIA could grow many times its current size, with the company investing heavily
00:47across energy, chips, infrastructure, models, and applications. For all things money, visit Benzinga.com.
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