After Jensen Huang Criticized US Export Curbs, Nvidia Set To Launch Cheaper Blackwell AI Chip For China Amid Market Share Slide: Report
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Nvidia Corp. is set to launch a cheaper AI chip for China, priced between $6,500 and $8,000, in response to U.S. export restrictions that have significantly reduced its market share in the country. The new chip, based on the Blackwell architecture, will begin mass production as early as June. Nvidia's Chinese market share has dropped from 95% to 50%, and the company has faced a $5.5 billion inventory write-off due to the ban on its previous model. Despite competition from Huawei, Nvidia retains advantages through its CUDA platform. Nvidia's stock closed at $131.29, down 1.16%.
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