Nvidia says it has ‘largely conceded’ China’s AI chip market to Huawei

Nvidia founder and CEO Jensen Huang waves after a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Nvidia CEO Jensen Huang said the company has "largely conceded" China's artificial intelligence chip market to Huawei, as U.S. export restrictions continue to reshape the global AI semiconductor landscape. …