And the crown jewel of this is Nvidia's AI chips, known as graphics processing units (GPUs). They drive key AI tasks such as training and inferencing -- and importantly, they are the world's most powerful and sought-after accelerators.

When President Donald Trump announced his tariffs on April 2, tech was one of the sectors hit the hardest. Billions of dollars in market value were lost in days, and Nvidia was among the most affected companies.

Shortly before Huang’s visit to Beijing today, the company disclosed that the U.S. government had restricted its ability to sell H20 chips to Chinese customers. Nvidia stated on Tuesday that it expects to take a $5.5 billion charge as a result of the regulatory change.