Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more emerging risks to its business due to the technology conflict between the U.

The Morgan Stanley report said that over the next five years, China aims to achieve full independence from foreign countries in its AI development. Since it's subject to U.S. expo

Nvidia Corporation’s CEO, Jensen Huang, gave a warning about the growing prowess of Chinese AI competitors. Speaking at a recent event, Huang highlighted that Chinese companies are rapidly filling the void left by US firms in the Chinese market due to stringent export restrictions.

The AI chip maker’s shares rose more than 5% after hours as quarterly revenue surged to a record $44 billion.

JoAnne Feeney of Advisors Capital Management says Nvidia’s earnings show solid demand for the company’s chips, despite export restrictions costing $8 billion in Chinese revenue. Feeney joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.

WSJ’s Dan Gallagher explains how Nvidia’s quarterly revenue surged to a record $44 billion, despite its inability to ship $2.5 billion of chips due to Chinese market restrictions. Photo Illustration: