NVIDIA (NASDAQ: NVDA) CEO Jenson Huang says the company has 0% GPU market share in China, but that’s only the official picture. It makes no direct sales to China, as the advanced Blackwell lineup is banned, and the firm's H200s are heavily restricted.
There is, however, a booming gray market in which smuggled hardware still may account for a double-digit share of China’s market. With U.S restrictions rising and supply tightening, prices are rising to extraordinary levels, indicating the strength of demand.
