Nvidia CEO Jensen Huang highlighted in a CNBC interview the importance of the Chinese AI market, projecting it could reach $50 billion in just a few years. He expressed concern over U.S. export controls that limit Nvidia's access to this burgeoning market. Huang emphasized the potential economic benefits for the U.S., including job creation and tax revenue. Despite Nvidia's substantial revenue growth from China, their share price has faced pressure due to ongoing regulatory issues, with a notable decline reported in recent months.
Nvidia's boom in the generative AI era has taken a hit in recent months, with the company's share price down almost 18% year-to-date.
According to Huang, "China is a very large market" that will present a $50 billion addressable market within the next two to three years.
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