Last fiscal year, Nvidia made $17.1 billion in revenue from selling to China, making it the company's fourth-largest market. That represented about 13% of its total sales for the year. This share declined in the latest quarter, but the company's total sales continued to rise.

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This is after the US announced that it would allow the sale of more advanced technology to China, so long as the US gets a 15% cut of the proceeds.

Nvidia wasn't the only one impacted. AMD, Nvidia's closest competition for graphic processors used to train and operate AI chatbots and agents, was forced to stop selling its Instinct MI308 AI chip in China, costing it $800 million in Q2.