Nvidia CEO Jensen Huang expresses concerns about the emergence of Chinese chipmakers like Lisuan Technology and Huawei, who are rapidly developing competitive GPUs, potentially threatening Nvidia's market position.

Nvidia has charged ahead in this AI boom thanks to its chip, which have become the most sought-after worldwide, and its entire range of AI products and services. All of this has helped supercharge revenue, lifting it to a record $130 billion in the latest fiscal year, and push the stock to gains of more than 800% over the past two years.