Nvidia’s Huang Sees China as a $50 Billion Opportunity

Here is a 175-word summary of the news article: Nvidia CEO Jensen Huang believes China represents a $50 billion opportunity for the company. Speaking at the company's annual GTC conference, Huang highlighted the growing demand for Nvidia's chips in China, particularly in areas like cloud computing, AI, and autonomous vehicles. Nvidia has seen strong growth in China, with revenue from the country increasing by 52% year-over-year. The company's chips are used by Chinese tech giants like Alibaba, Baidu, and Tencent to power their cloud services and AI applications. Additionally, Nvidia is positioned to benefit from China's push for self-driving car technology. The company's chips are used in many autonomous vehicle projects in the country. While trade tensions between the US and China pose a risk, Huang remains optimistic about Nvidia's prospects in the Chinese market. He sees the country as a major growth driver for the company in the years ahead, with the potential to generate $50 billion in revenue.