Jensen Huang just said Nvidia's China AI Chip Market Share fell to 0%, saying that US export policy "has already largely backfired."
As a reminder, $NVDA's market share in China was 95% before the H20 ban.
Now the US is trying to go back on these restrictions, but China has smartened up and realized the third-party risk associated with tying its AI future to US hardware.
Major misstep.
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