NVIDIA's CEO Jensen Huang admitted in an interview on 5/29 Taiwan time that due to U.S. export restrictions, NVIDIA suffered a revenue loss of $8 billion in the Chinese market. However, driven by explosive demand for AI inference and the hot sales of Blackwell chips, the supply chain has been successfully upgraded. While supporting Trump's reindustrialization policy, he also called for the removal of chip export restrictions. Additionally, he discussed close collaboration with Elon Musk in autonomous systems and humanoid robots, potentially opening up a trillion-dollar business opportunity. Notably, Huang also revealed for the first time that Huawei's chip performance has almost caught up with H20 and announced plans to visit Europe to promote AI infrastructure cooperation and localization strategies.
Musk is a Key Partner, Optimus Robot Opens Up Trillion-Dollar Business Opportunities
When asked if Tesla is one of NVIDIA's largest customers, Jensen Huang did not hesitate to say:
"Musk is an important partner of NVIDIA, from self-driving cars to Grok and Optimus robots, NVIDIA will continue to be involved."
He also previewed that Optimus is likely to be one of the first robots that can be widely deployed in the real world, and the first robot with the potential for high-volume production and technological advancement, believing it could become a trillion-dollar business opportunity.
European AI Infrastructure Expands Comprehensively, Jensen Huang to Meet with European Heads of State
Finally, Jensen Huang revealed that he is about to meet with heads of state from France, the United Kingdom, Germany, and Belgium, mainly to discuss how to accelerate the expansion of national AI infrastructure. He stated:
"Every country has realized that AI is like electricity and the internet, a fundamental infrastructure for future society."
(NVIDIA's Financial Report Exceeds Expectations, Bit at 107K, Unsettled Contracts Not at New High)
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After NVIDIA's latest financial report, the market's focus was not only on the report itself but also on the substantial impact of US-China technology policies on its operations. Although the second quarter revenue still reached around $45 billion (plus or minus 2%), approximately $8 billion of revenue related to the Chinese market and H20 chips was ultimately not realized. The outside world is concerned: How will NVIDIA successfully fill the gap from other international markets or product lines in the face of policy and geopolitical pressures, and even maintain a strong growth momentum?
NVIDIA CEO Jensen Huang accepted a Bloomberg interview, providing answers to key questions about the Chinese market competition, Huawei's technological gap, AI chip export controls, cooperation with Musk, US policies on immigration and technology exports, and the company's expansion plans in Europe. He briefly described NVIDIA's strategy for addressing various challenges while revealing NVIDIA's global AI strategic layout.
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ToggleChinese Market and H20 Chips
Jensen Huang pointed out that with the significant technological leap of local Chinese competitors, taking Huawei as an example, its latest AI chip performance is approaching the level of NVIDIA H200, and has launched the Cloud Matrix system with scalability, making the competitive landscape not to be underestimated. He candidly admitted that important customers like Tencent, Alibaba, and Baidu have largely turned to Huawei after being unable to obtain NVIDIA chips, which is driven by policy.
Jensen Huang's View on Trump's Policies
Regarding the US political environment and Trump's policies, he unexpectedly affirmed two of Trump's propositions: first, using tariff policies to promote manufacturing reshoring and reindustrialization, encouraging global investment in the United States; second, revoking the Advanced Chip Export Policy (Air Diffusion Rule) to allow the world to build upon US technology during the current AI explosion period. He described these two policies as having generational transformation potential.
Regarding external concerns about restrictions on international student and talent visas, Jensen Huang, drawing from his own immigration background, reiterated the contribution of immigrants and international talent to the US technology industry. He called for the United States to continue attracting top talents who can make significant contributions while maintaining national security, to maintain its leading position in the global technology field.
NVIDIA's Cooperation with Elon Musk
In terms of business cooperation, Jensen Huang stated that he has deep collaboration with Elon Musk and his company Tesla, covering areas such as AI model Grok, autonomous systems, and Optimus humanoid robots. He directly stated that Optimus could be the first general-purpose robot to achieve mass production and technological commercialization. He predicted that this would open up a new industrial revolution worth several trillion dollars.
Jensen Huang revealed that he is about to embark on a European tour, visiting leaders of France, the United Kingdom, Germany, and Belgium. He emphasized that countries generally view AI as a national infrastructure on par with electricity and the internet, and are actively collaborating with NVIDIA to promote the "AI Factory" layout, marking the entry of global AI investment into the infrastructure stage.
This interview revealed how Jensen Huang positions NVIDIA's role in the global AI landscape and clearly reflects the new world where geopolitics, industrial competition, and technology policies intersect.
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