At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.

Nvidia said in April that sales restrictions on its chip in China on national security grounds would cost the company $5.5 billion. The White House also blocked a chip from Advanced Micro Devices. Both companies say the Commerce Department is now moving forward with license applications to export them to China.

Nvidia stock has pulled the company's market value far ahead of Microsoft, Apple, Amazon, Alphabet, and Meta Platforms.