Huang warned that by restricting AI chip sales to China, the U.S. may accelerate China's move to develop a separate technology stack. Huawei, he said, is already in position to cover China and much of the rest of the world if U.

CEO Jensen Huang said his company will be excluding China from its financial forecasts due to U.S. restrictions on chip sales to that country. He added that he didn't expect the restrictions to be lifted in the wake of this week's trade talks between the two nations.

Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday.