A chipmaker posts a record quarter while conceding a market

Claim

Nvidia posted a record $81.6 billion quarter, up 85% year over year, even as Jensen Huang acknowledged it has largely conceded the China AI chip market to Huawei, while Seagate's chief executive conceded new factories would simply take too long relative to demand.

Reported metric: $81.6B / +85%

Reporting date: 2026-05-21 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

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