900 billion market value evaporated! The revenue of the Chinese market has plummeted, and Nvidia spe

Mondo Technology Updated on 2024-02-24

Kunpeng Project

900 billion market value evaporated! The revenue of the Chinese market has plummeted, and Nvidia specializes in chips, who will pay the bill?

The U.S. semiconductor giant released a better than expected earnings report, while Nvidia's **7%, which caused the company's total assets to lose 125 billion, which is now more than 900 billion yuan.

What's going on?

Some believe that this may be related to the gradual decline of Nvidia's market share in China.

Nvidia executives acknowledged that China's revenue has fallen sharply since Biden's ban in October.

Looking at last quarter's figures, Nvidia earned more than 20% from restricted regions such as China, and that share has now dropped to less than 10%. So far, the percentage has been in the single digits, according to Nvidia**.

Faced with this situation, Nvidia has already offered other products to China. But Nvidia's top management did not respond to the Chinese company's response.

However, according to recent reports in the United States, many Chinese companies have not shown much enthusiasm to choose this new semiconductor.

According to research in the United States, the special chip launched by Nvidia has only made some changes in computing power. Despite the claim that it is not much different from the original version and only circumvents the relevant regulations, in fact the Chinese company is not happy about it.

China's internet giants, such as Alibaba and Tencent, are now also starting to order more chips to domestic brands.

Recently, however, there have been rumors that Lenovo is building a closer relationship with Nvidia to bring AI technology to market.

Lenovo recently reported its third-quarter earnings report, with revenue up 3%. In the face of the current wave of artificial intelligence, perhaps Lenovo hopes to work more closely with users to bring better AI convergence services to users.

This is also why Ali and other Internet companies have chosen NVIDIA's copycat products, and Lenovo has taken over this product.

However, these are rumors, and Lenovo has not yet been confirmed.

While China will still rely on chips from U.S. companies in the near term, locally-made alternatives are becoming the preferred choice for Chinese companies.

At the same time, Nvidia's challenge is not just the Chinese market, American companies also want to reduce their dependence on Nvidia as much as possible.

Recently, industry insiders disclosed Microsoft's actions, saying that it is currently developing a new network card, and its ultimate goal is to reduce its dependence on Nvidia's products.

But Microsoft also said that the R&D cycle is likely to be more than a year. However, one thing is certain, and that is that Nvidia's leading position in the AI field will gradually be eroded.

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