According to an IDC report accessed by Reuters, Nvidia's share of China's data-center AI chip market fell to 34% in the first half of 2026, as US export controls limited its sales and local rivals filled the gap. Nvidia shipped 678,000 AI accelerators to China from January to June, down 44%, while Huawei shipped 572,000 units for a 28% share. Nvidia said less than 1% of its data center revenue last quarter came from H200 sales to China, and its outlook includes no China data center compute revenue. Nvidia still reported record revenue of $96 billion last quarter and expects about $108 billion next quarter. CEO Jensen Huang said the curbs handed China's $50 billion AI chip market to Huawei.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.5T |
| Close on 10/12/2026 | 226.32 |
| Change that session | -1.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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