Nvidia (NASDAQ: NVDA) has seen its market share in China plummet, with CEO Jensen Huang stating the company has dropped to “zero” market share in the country, down from over 90%. This decline follows U.S. export restrictions on Nvidia products to China and increased competition from local firms such as Huawei, Alibaba, and Baidu. As a consequence, Nvidia does not anticipate any revenue from China in its fiscal Q1 2027, with results due on May 20.
Despite these setbacks, Nvidia’s overall performance remains strong, with a 74% stock increase over the last 12 months and projected Q1 revenue of $78 billion, representing a 77% year-over-year growth, even without contributions from China. The company reported revenue of $215.9 billion for fiscal 2026, up 65% from the previous year, underscoring its dominant position in the AI chip market, particularly in the U.S.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
