Huawei's Ascend Chips Have Pushed NVIDIA's China Market Share Down to 8%

Bernstein Research projects Nvidia's China AI chip market share will collapse from roughly 40% to 8% by the end of 2026, as Huawei's Ascend line climbs to about 50% and $12 billion in revenue. Jensen Huang has already conceded the company's China share has fallen to zero.