DeepSeek, and investment in AI seems to be supercharged. For example, Pony AI (NASDAQ: PONY) showcased its own Robotaxis this week, and BYD (OTCMKTS: BYDDY) has trounced Tesla (NASDAQ: TSLA) in both financials and the stock market.

Huawei prepares to test its Ascend 910D AI chip as new US tariffs and restrictions reshape the global semiconductor trade.

As a result, Nvidia's total revenue soared, climbing in the double and triple digits quarter after quarter to reach record levels. And China was becoming a smaller and smaller part of that picture. A geographic breakdown shows Nvidia's China revenue shrank to just 16% of total sales in the fiscal 2024 year from 26% just two years earlier.