# Nvidia’s AI chip sales in China stall, as local chipmakers like Huawei take the lead

> **Newsylist Open Intelligence Dossier** · First detected: 2026-06-29 10:27 UTC · Category: Business · Sources: 5 · Current Velocity: 2.8

## Executive Summary
Nvidia faces stalling AI chip sales in China as local competitors like Huawei gain ground and banned hardware prices surge on the black market.

## Intelligence Brief
Nvidia's AI chip sales in China have stalled, with CEO Jensen Huang admitting that China revenue has fallen to zero. This decline coincides with local chipmakers, specifically Huawei, taking a lead in the market. Simultaneously, banned Blackwell GPUs are seeing price increases in China.


Coverage from Reuters, AP News, and Yahoo Finance emphasizes the rise of local competition. Additionally, Reuters reports that banned AI chips have doubled in price on the Chinese black market, according to the FT. Wedbush has also highlighted the price increases for banned Blackwell GPUs.


Future developments center on a $20 billion comeback plan mentioned by Jensen Huang to address the revenue loss in the region.

## Verified Facts & Key Claims
### What is the current state of Nvidia's revenue in China?
Jensen Huang stated that Nvidia's China revenue has fallen to zero.

### Which local competitor is mentioned as taking the lead?
Huawei is identified as a local chipmaker taking the lead as Nvidia's sales stall.

### What is happening to the price of banned Nvidia chips in China?
Banned AI chips have doubled in price on the black market, and Blackwell GPUs are seeing price increases.

## Key People, Organizations & Locations
China, Nvidia, Huawei, Blackwell GPUs, China Wedbush, Jensen Huang Admitted Nvidia's China Revenue Has Fallen, Zero Here Is His, Billion Comeback Plan

## Multi-Source Evidence Table
| Source Outlet | Headline | Published (UTC) | Verification URL |
|---|---|---|---|
| Seeking Alpha | Nvidia in focus as banned Blackwell GPUs see price increases in China: Wedbush (NVDA:NASDAQ) | 2026-06-29 04:39 | [Source Link](https://news.google.com/rss/articles/CBMitgFBVV95cUxQbE1PVFNrV3hROEdOTTJSb1htTWk4WlNadVZwemZhWFBwd2JRM19hUENsZE1nRTFMUTVnNV9QZ24xeTc5NnhmaVduVmdReXIxUlQyVkJ5OV90ajRZWlI5RWFCUFFFZy1jTUpHSk0tZ1ZUdnMtRWFnOW1fVlkxWFRuSEgtY0t2OUJraHFKeERZeVBnVVdNQ3QtaDB4US1aYWJUVm9FaXh5WjV2WHNmSW5OdEVXeHhMUQ?oc=5) |
| The Motley Fool | Jensen Huang Admitted Nvidia's China Revenue Has Fallen to Zero. Here Is His $20 Billion Comeback Plan. | 2026-06-29 04:39 | [Source Link](https://news.google.com/rss/articles/CBMilAFBVV95cUxOVVRQUk1kQUx3bmZHTmUzZWh2YkpTWU01SUV3X1Y4MThZQjg1cDhsc0R2UGUzb1NpWS1EZGtHTUxQN1RPUGZQekI5QXlkLXJFLXpIV3NiWk9sLXdaa2hIZVRGQW1COFJTX25VTHNLUGdFNXJleDV6QzVhZVMwdmRtLXRDaElrX1hySTBfcVkwZGUtZTJw?oc=5) |
| Reuters | Nvidia's banned AI chips double in price on China's black market, FT reports | 2026-06-29 04:39 | [Source Link](https://news.google.com/rss/articles/CBMivwFBVV95cUxOcGlTQURDRVp6VExuVE5WM3dyX05FZHh2VG5tZ2l5Q2ZtWXpTVVF6OWc5QTR0T01sMWtncEx3ZnlOSlhLbmN0dVZhTjh0SWVlenlzR0ljYnN3NnluWEZCUGlfUTYyQjE4N3hrRTJBd3c2Q0xnaUJ6WXRLeVNWbjFpb3lTOEU5ZmtfRS03c1NMaWd6NjVTLUY4a3g1Z0lxeGVwZjVKay1sakNrRWdSY01DTHFPNkpQb2pRRUVqd2VXdw?oc=5) |
| Yahoo Finance | Nvidia's AI chip sales in China stall, as local chipmakers like Huawei take the lead | 2026-06-29 04:39 | [Source Link](https://news.google.com/rss/articles/CBMilgFBVV95cUxObXVtUWFoZnR5c09CN2cydHNVeEZhcjlYQXlUT25jZEdZMVZsUHlvbFRzQ09YREhJUXJoWjFpZVlZeTl0a2lKMWo2QTczN19wZkVuMzgzbmFZbUxxYU53V0tpUU80TW81djRwYVVqb0ZuMXNXT1ZHczFGNF81V1dfZC1MNXZnTFZnb3loLXlBNGdTaGNzUlE?oc=5) |
| AP News | Nvidia’s AI chip sales in China stall, as local chipmakers like Huawei take the lead | 2026-06-29 04:39 | [Source Link](https://news.google.com/rss/articles/CBMikgFBVV95cUxNNHUwNUNKRHR5ZkZfZXlWcVpTb1BSQXd0U0RDT3Z2UVA1ckJ1b1FwSHZmVnhOTTAyejZveTRsODZtOTE4RXVzX3VDN0pDNGsxVjFVWnFYVHFvRUV2SUk0S3RaZUVTcm5oeXB2WEpsSmRJMzE4VnRyRnZTcG5xdmotTGtEcjRpZVJodG1URXVGYm5qQQ?oc=5) |

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*Synthesized by Newsylist Open Intelligence Engine under E-E-A-T journalistic standards.*