And the crown jewel of this is Nvidia's AI chips, known as graphics processing units (GPUs). They drive key AI tasks such as training and inferencing -- and importantly, they are the world's most powerful and sought-after accelerators.

Shortly before Huang’s visit to Beijing today, the company disclosed that the U.S. government had restricted its ability to sell H20 chips to Chinese customers. Nvidia stated on Tuesday that it expects to take a $5.5 billion charge as a result of the regulatory change.

Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. "We hope to continue to cooperate with China,