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Nvidia’s Market Reentry in China
Nvidia (NASDAQ: NVDA) plans to resume selling its AI chips in China following assurances from the U.S. government that licenses will be granted. The company aims to start deliveries “soon,” as it prepares to launch its new RTX PRO GPU, compliant with U.S. regulations, intended for the burgeoning Chinese AI market, projected to reach $50 billion in the coming years.
This follows Nvidia’s previous difficulties stemming from U.S. export controls, which caused a $4.5 billion charge in its latest quarter and removed China from its earnings guidance, as that market represented 13% of its total sales last year. With these new developments, Nvidia seeks to reclaim its competitive edge against local rivals like Huawei and solidify its global leadership in the AI industry.
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