Despite China Issues, Nvidia (NVDA) Sees Strong Demand for Blackwell Chips

NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On November 7, Reuters reported that NVIDIA Corporation’s (NASDAQ:NVDA) CEO Jensen Huang stated that there are no active talks about selling the company’s latest Blackwell AI chips to China. The Trump administration has stopped these chips from being sold to China because of concerns that they could help the Chinese AI industry and military.

The US has permitted NVIDIA Corporation (NASDAQ:NVDA) to sell its H20 chip in China, but Huang has repeatedly made it clear that China does not want NVIDIA Corporation (NASDAQ:NVDA) products to serve the Chinese market. As a result, the company’s market share is zero in China. Huang said he hopes China will change its policy.

The company’s CEO also clarified his recent comments that were quoted in a Financial Times report. Huang explained that he did not say China would win the AI race. Instead, he said China has “very good AI technology.” He also mentioned that half of the world’s AI researchers are in China and the most popular open-source AI models come from China. NVIDIA Corporation’s (NASDAQ:NVDA) CEO said China is moving “very very fast,” and the US must also move incredibly fast to stay competitive.

Despite these challenges with China, on November 8, Reuters reported that Huang said NVIDIA Corporation (NASDAQ:NVDA) faces “very strong demand” for its Blackwell chips. The company has also increased its demand for wafers from Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM).

When asked about memory shortages, NVIDIA Corporation’s (NASDAQ:NVDA) CEO said business is growing well but there will be shortages in different areas. He pointed out that the company has “three very, very good memory makers – SK Hynix, Samsung, Micron – are all incredibly good memory makers, and they have scaled up tremendous capacity” to support NVIDIA Corporation (NASDAQ:NVDA).

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company known for producing graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.