Overview

• NVIDIA expects to sell over one million H20 AI GPUs in China in 2024.
• The H20 GPUs comply with U.S. export regulations but still offer competitive performance.
• Chinese tech giants prefer NVIDIA's ecosystem, making a switch to Huawei costly and time-consuming.
• Despite export controls, NVIDIA's revenues from China grew over 50% year-on-year in the most recent quarter.
• Huawei's Ascend 910B sales are projected to be nearly half of NVIDIA's H20 sales.