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@ ch0k1
2025-05-29 09:25:32
Nvidia CEO hammers chip controls that 'effectively closed' China market
https://www.cnbc.com/2025/05/28/nvidia-ceo-hammers-chip-controls-that-effectively-closed-china-.html
As pleased as Wall Street was with Nvidia's quarterly results on Wednesday, CEO Jensen Huang said the company is leaving billions of dollars in revenue on the table because it can no longer sell to China.
"The $50 billion China market is effectively closed to U.S. industry," Huang told analysts at the beginning of his prepared remarks on the earnings call. "As a result, we are taking a multibillion-dollar writeoff on inventory that cannot be sold or repurposed."
https://stacker.news/items/991796