On April 17, at the invitation of the China Council for the Promotion of International Trade, Nvidia CEO Jensen Huang arrived in Beijing.

Ren Hongbin, president of the China Council for the Promotion of International Trade, held talks with Huang Jenxun. This is Huang's second visit to Beijing in three months. During the talks, Huang said that China is a very important market for Nvidia and that he hopes to continue working with China.

Promising prospects: The Chinese market is crucial

"The Chinese market is very important to us, especially to our growth," Huang said. ”

This statement is well-founded. Let's look at a set of data: Last year, Nvidia's revenue in Chinese mainland and Hong Kong reached $17.108 billion, an increase of 66% over the previous year. To a certain extent, as long as there is a stir in the Chinese market, Nvidia's stock price will go up and down.

Against the backdrop of the U.S. government's indiscriminate tariffs and indiscriminate issuance of the "core restriction order," Huang's "voting with his feet" not only shows that the Chinese market is very important to Nvidia, but also means that the U.S. government's indiscriminate tariffs have lost the hearts of the people and will inevitably fail.

In the past few days, Huang has repeatedly said that he is "optimistic about China's economic prospects and is willing to continue to cultivate the Chinese market." Huang called the Chinese market "critical," a fact that echoes the sentiments of many foreign companies.

This confidence is not limited to words. CCTV news reports show that German companies, including Bosch and ebm-papst, are expanding their production lines in Xi'an, casting a vote of confidence in the Chinese market with real money investment. The actions of these multinational companies have proved the attractiveness and development potential of the Chinese market more than any words.

Suffered from the impact of the "chip ban": the market value evaporated 1.37 trillion in a single day

Recently, the U.S. government decided to tighten controls on Nvidia's H20 chips exported to China.

In response, Huang said, "These restrictions have had a significant impact on the company's business. He emphasized that as a company that has been deeply involved in the Chinese market for 30 years, the Chinese market is not only one of the largest consumer markets in the world, but also its thriving industrial ecosystem and leading software strength provide NVIDIA with the impetus for continuous innovation. We grow and thrive together with the Chinese market," Huang said.

Huang also noted that AI is profoundly changing the landscape of all industries, but this is just the beginning. Whether it's healthcare, financial services, climate tech, or manufacturing, every industry will see a massive transformation triggered by AI. This shows that despite the challenges, the potential of AI remains enormous.

At the same time, affected by the hawkish speech of Federal Reserve Chairman Jerome Powell, the three major U.S. stock indexes collectively fell sharply, with the Nasdaq leading the decline with a decline of more than 3%. Among them, Nvidia's share price plummeted by nearly 6.9%, and its market value evaporated by about 188.1 billion US dollars (about 1.37 trillion yuan) overnight. This is a huge blow to any company.

According to the 8-K document submitted by NVIDIA, the company received a notice from the U.S. government that the export of H20 chips and products with similar performance to China and other countries and regions requires a special license. The H20 is a special version of the product launched by NVIDIA in response to the U.S. export ban on high-performance AI chips to China. However, due to the new export restrictions, Nvidia expects to include approximately $5.5 billion in first-quarter results, which relate to inventory, purchase commitments and related reserves related to H20 series chips.

|Supporting China's AI market: The robot track has become a new focus

In talks with Chinese officials, Huang emphasized the vitality of Chinese's artificial intelligence market. "AI is profoundly changing the landscape of many industries, but this is just the beginning, and every industry, whether it's healthcare, financial services, climate tech or manufacturing, will see the disruptive changes that AI will induce," he said. ”

It is worth noting that on the same day that Huang left China, China held the world's first robot "Half Marathon", and humanoid robots are also an area that Nvidia has focused on investing in in recent years.

At this year's GTC, Huang predicted that humanoid robots will be widely used in manufacturing plants within five years, and that the era of software tool breakthroughs to accelerate intelligence has arrived.

During their visit to China in January this year, the heads of humanoid robot company Unitree Technology and Galaxy General were invited to attend NVIDIA's appreciation party. Huang said at the time that his 2025 New Year's resolution was to see AI accelerate its power in education, health care and other fields.

Huang said Nvidia has been in the Chinese market for 25 years and has grown rapidly in China in recent years, recruiting a large number of researchers. Today, NVIDIA has nearly 4,000 employees in China, with offices in Beijing, Shanghai and Shenzhen. He also highlighted that Nvidia has the lowest turnover rate among tech companies in the world, including in China.