As the top chip company, Nvidia's chips are in high demand from the largest companies, like Amazon and Microsoft, that are building out huge AI businesses. They themselves are serving other giants with AI tools and services in partnership with Nvidia, offering access to the chipmaker's powerful technology.

Nvidia’s plan to resume H20 chip sales in China faces delays due to export license issues and supply chain constraints. Analysts expect minimal near-term impact, with stronger momentum likely in 2026.