Nvidia is no longer including China in its revenue and profit forecasts due to strict U.S. export controls. CEO Jensen Huang said the chances of these restrictions easing are slim in the near term. The U.S. now requires a license to export Nvidia’s advanced AI chip, the H20, to China. As a result, the company anticipates a revenue drop of up to $8 billion in Q2 (April–June) and is turning its focus to other global markets.