By Admin 
Nvidia Shares Falls in China: The Chinese business of American technology company Nvidia has now completely stopped. The company’s shares have fallen straight to 0 percent in China. Due to which the company has been completely wiped out from China. Now the company’s CEO Jensen Huang has also given his reaction regarding this. He has told that all this has happened due to the ongoing situation in America.
What did the CEO say?
The CEO of Nvidia China had recently come to attend the Global Conference of the Milken Institute. During this, while talking about this, he said that this policy is backfiring for America because it is motivating China to develop indigenous technology. He said that we are improving our economy by increasing our tax revenue and this is our national security.
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America wants to maintain leadership
During this time, when Huang was asked whether he had access to the latest and best chip? To this he gave a straight answer, ‘Not at all’, he also said that America wants to maintain its AI (Artificial Intelligence) leadership. Therefore, he takes care that he has the latest and first technology.
Domestic company started expanding its foothold
All this has happened due to American export restrictions. The US government has banned the export of quality chips (such as H100, A100) due to security concerns. Due to which now China’s domestic company Huawei is rapidly expanding its presence in the market.
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About Nvidia
Let us tell you that it is a leading American technology company, which mainly manufactures and develops graphics processing units for Artificial Intelligence (AI), gaming and professional markets. This company was started in 1993 and has 90 percent share in the market.