Nvidia to exclude China from its revenue and profit forecasts

Nvidia doesn’t think the U.S. will backpedal its chip export restrictions to China anytime soon.

The chipmaker is so convinced of that fact that it’s not going to include the Chinese market in its revenue and profit forecasts, CEO Jensen Huang told CNN on Thursday.

Huang said he’s not counting on the Trump administration reversing its chip export controls and that it would be a nice “bonus” if they did.

The Trump administration introduced licensing requirements for Nvidia’s H20 chips, the most advanced AI chip it could sell to China, in April. In its first-quarter results, the company said these restrictions would result in an $8 billion hit to its revenue in the second quarter.

Nvidia did not immediately return requests for comment.