Nvidia CEO Sounds Alarm: US AI Chip Restrictions Backfire in Favor of China

While hopes for a post-Trump trade wind are fading, the financial fallout from restrictions on exporting AI chips to China continues to impact American companies like Nvidia. Despite talks between the US and China seeking a détente, Nvidia CEO Jensen Huang has warned that these restrictions have been a ‘failure,’ leading to substantial losses and market share decline. His concerns highlight a global economic shift as China capitalizes on the situation.