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Nvidia went from 95% to zero market share in China's AI chips while the US can't decide whether to sell there or not

Source: Reddit Stocks · 2026-05-29

Jensen Huang went on CNBC after Nvidia's Q1 earnings last week and said something that deserves way more attention than it got. His exact words about China: "We've evacuated that market. We've really largely conceded that market to them." He was talking about Huawei. This is the CEO of the most valuable company on earth, on the record, saying he handed a market worth billions to his biggest competitor. Nvidia posted $81.6 billion in revenue that same quarter, up 85% year over year, and announced

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Summary

CORPORATE EARNINGSMEDIUM

Event (importance: medium). Key entities: AI. KB match (corporate_earnings): "Supermicro (SMCI) Unveils Industry-First CMX Stora". Affected sectors: technology. Primary variables: tech_sector_growth, supply_chain. Learned rule: "Certain financial event types (equity raises, M&A, earnings)". Causal chain: Nvidia's AI chips require substantial high-bandwidth memory (HBM) → Memory demand grows with AI adoption → Micron as key memory supplier benefits → Recent sell-off may have overshot fundamentals.

Market Impact

▲Bullish· Moderate magnitude

Key variables: memory demand forecasts, AI infrastructure spending, semiconductor supply chain dynamics

Affected sectors: semiconductors, memory manufacturing, AI infrastructure

Market Prediction

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Analysis by Catalayer AI · 11102 knowledge records · catalayer.com