Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more emerging risks to its business due to the technology conflict between the U.S. and China.
Tucked into Nvidia’s quarterly filing with U.S. securities regulators, Nvidia for the first time said restrictions on the use of open-source AI models from China such as DeepSeek and Qwen could hurt its business, as could U.S. rules barring connected-vehicle technology from China, where Nvidia’s long-struggling car chip business has finally flourished.
While Nvidia CEO Jensen Huang on a conference call with analysts praised U.S. President Donald Trump’s decision to rescind an export rule put in place by former President Joe Biden that would have regulated the flow of Nvidia’s chips around the world, the company’s quarterly filing noted that no new rule had been issued in its place and that a “replacement rule may impose new restrictions on our products or operations”.
On the other hand, Huang criticized new export curbs imposed by the Trump administration in April. The curbs stop the company from selling its H20 chip made for the Chinese market, which Huang called “a springboard to global success”.
