Nvidia went from 95% market share to effectively zero in China’s AI accelerator market after years of export restrictions. Even Jensen Huang is openly saying the market has been conceded.
What was supposed to slow China’s AI ambitions is now accelerating domestic alternatives from companies like Huawei.
China used to account for roughly 20% to 25% of Nvidia’s data center revenue. That market is now being rebuilt around Chinese hardware and software stacks instead.
Washington tried to deny China advanced chips.
China responded by building a replacement ecosystem.
The question is no longer whether China can compete in AI hardware.
The question is how much market share American companies permanently gave away.