In its latest investor presentation, Nvidia specifically removed China from its near-term revenue guidance for the first time, citing heightened regulatory uncertainties and export restrictions. The move underscores growing concern over potential supply chain disruptions and market access challenges in the region.

Nvidia highlighted analysts’ projection of US$1 trillion in hyperscaler capital expenditures by 2027, driven by accelerated AI, cloud computing, and data center investments. This massive spending trend is expected to bolster demand for Nvidia’s GPU offerings, reinforcing its leadership in high-performance computing.

The exclusion signals Nvidia’s cautious stance on U.S.-China tensions after recent export controls on advanced semiconductors. Management indicated it would focus on diversifying its revenue mix across North America, Europe, and other growth markets to mitigate concentration risk.