NVIDIA founder and CEO Jensen Huang appeared on Fox Business for an interview. Despite the company's strong third-quarter earnings report, he expressed concerns over the impact of U.S. export restrictions. Huang stated that NVIDIA's chip sales to China have stalled and projected zero sales for the next two quarters.

"We assume sales will be zero. If we can overcome the obstacles and collaborate with both governments (U.S. and China), the Chinese market would undoubtedly be enormous," Huang said. "I forecast China's sales will be zero—next quarter zero, and the following quarter zero as well."

Speaking at an event organized by Citadel Securities, Huang made a striking remark: "NVIDIA's market share in China has plummeted from 95% to 0. We have now completely exited the Chinese market."