Nvidia CEO Jensen Huang said he isn't confident that the U.S. will change its mind on chip export restrictions anytime soon.

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.

Nvidia will no longer include the China market in its revenue and profit forecasts following stringent U.S. trade restrictions on chip sales to the region, CEO Jensen Huang told CNN on Thursday.