Nvidia Excludes China From Revenue Forecasts

Huang Expects Continued U.S. Export Restrictions

Nvidia CEO Jensen Huang has made a significant strategic shift by removing China from the company’s revenue projections entirely. The semiconductor giant doesn’t anticipate the U.S. government relaxing its AI chip export controls in the near future, Huang revealed in a recent CNN interview.

Permanent Shift in Forecasting Approach

The decision reflects Nvidia’s long-term assessment of the geopolitical landscape. “We’re not counting on policy changes regarding chip exports,” Huang stated, adding that any potential relaxation would merely be a “bonus” rather than an expected outcome.

$8 Billion Revenue Impact from H20 Restrictions

The Trump administration’s April 2025 decision to impose licensing requirements on Nvidia’s H20 chips – its most advanced AI processors approved for Chinese customers – has already had major financial consequences. The company previously warned these restrictions would slash $8 billion from its Q2 revenue.

Earnings Call Commentary Confirms Strategy

When reached for comment, Nvidia representatives directed attention to Huang’s remarks during the Q1 earnings discussion, where he first signaled this strategic realignment away from dependence on the Chinese semiconductor market.

The move underscores how geopolitical tensions continue reshaping the global tech supply chain, with Nvidia taking a pragmatic approach to its financial forecasting amid ongoing regulatory uncertainty.